Cyril Han will step into the role of CEO at Ant Group on March 1, 2025, succeeding Eric Jing, who will remain chairman.

The leadership change was communicated through an internal memo from the company and later validated by a spokesperson.

Han, currently the CFO, will be responsible for managing all business segments. He will report to Jing and the board of directors.

Recent Ant Group developments

Timeline16-Nov-2024 📈 Ant Group sees profit surge 193% in Q2Ant Group reports profit of 7.5 billion yuanSignificant turnaround after previous losses reported20-Sep-2024 💰 Ant Group raises $6.5b refinancing for HK, SG unitsAnt Group raises US$6.5 billion for refinancing.Includes $5B for Alipay and $1.5B for subsidiary.05-Aug-2024 💳 Ant Group’s 2C2P slashes 2023 losses by 93%2C2P sees 5% revenue growth in 2023Partners with major brands to expand payment solutions25-Mar-2024 💰 Ant Group pumps $148m into SG digibank unit Anext BankAnext Bank secures US$148M from Ant GroupTotal Ant investments exceed US$503M in Anext05-Sep-2023 🌍 Ant Group expands Alipay+ integrations in the PhilippinesAlipay+ adds support for 3 new mobile walletsExpanding payment options amid tourism recovery02-Aug-2023 💳 Ant Group partners with DFS for luxury travel retailAnt Group partners with DFS for digital payments.Alipay+ offers better rates and rewards for shoppers.