Ant Financial is the online financial services affiliate of Chinese e-commerce firm Alibaba. Photo: ReutersBeijing: Ant Financial Services Group, the online and mobile financial services affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd, on Saturday shuffled top leadership positions, announcing the appointment of current president Eric Jing as its new chief executive officer (CEO). Ant Financial, which runs Alipay, a payment platform, said in a press release on Saturday its current CEO and executive chairman Lucy Peng will remain executive chairman. Ant Financial, valued at close to $60 billion, offers services like online payment, wealth management products and insurance. Its core Alipay online payment business was founded in 2004.

Source: Mint October 08, 2016 09:11 UTC