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Ant Group changes top management at Alipay corporate entity in latest restructuring move

Ant Group has implemented another top management change at its major corporate entity, two months after the Chinese fintech giant made a separate move to exit the Alibaba Group Holding partnership, according to a person familiar with the matter.

Eric Jing Xiandong, Ant Group chairman, will relinquish his role as legal representative and chairman of Alipay.com Co, a major corporate entity of Ant Group, the person said. Taking his place will be Ni Xingjun, Ant’s chief technology officer (CTO) and a founding team member at Alipay, the person added.

“This is a standard corporate governance practice and a move that aligns with our business operations,” said an Alipay spokeswoman on Tuesday.

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