On April 29, an industrial and commercial change of Alipay (Hangzhou) Information Technology Co., Ltd. showed that the company's legal person was changed from "Hu Xiaoming" to "Chen Liang". Hu Xiaoming, the former CEO of Ant Group, just resigned from the position through an internal email on March 12 this year, saying that he would be in charge of the ant public welfare sector.
However, it should be noted that the operating entity of Alipay is Alipay (China) Network Technology Co., Ltd., and the legal representative is Jing Xiandong, chairman and CEO of Ant Group.
Coincidentally, there has been a recent industrial and commercial change in Ant Wealth (Shanghai) Financial Information Service Co., Ltd., and Hu Xiaoming withdrew from the legal representative and was succeeded by Huang Hao. Huang Hao and Chen Liang are both senior executives of Ant Group, and their respective areas of responsibility are digital finance, brand and public communication affairs.
Hu Xiaoming withdrew from a number of ant companies
On April 29, the reporter noted that a third-party industrial and commercial information APP monitoring, recently, Alipay (Hangzhou) Information Technology Co., Ltd. underwent industrial and commercial changes, the legal representative changed from "Hu Xiaoming" to "Chen Liang". According to the enterprise investigation and industrial and commercial information, the company was established in June 2016 with a registered capital of 100 million yuan and wholly owned by Ant Technology Group Co., Ltd.
It is worth noting that Alipay (Hangzhou) Information Technology Co., Ltd. is not the operating body of Alipay, and the accuracy of some misinformations in the market that "Chen Liang is the new chairman of Hangzhou Alipay" is debatable.
Alipay is operated by Alipay (China) Network Technology Co., Ltd., a wholly-owned subsidiary of Ant Technology Group Co., Ltd., and its legal representative is Jing Xiandong, chairman and CEO of Ant Group. Alipay (China) Network Technology Co., Ltd. also has a stake in Alipay Shanghai Network Technology Co., Ltd., Ant Financial Chengdu Network Technology Co., Ltd., and Netlink Clearing Co., Ltd.
Alipay (Hangzhou) Information Technology Co., Ltd. wholly owns Ant Financial (Hangzhou) Network Technology Co., Ltd., industrial and commercial information shows that its business scope includes: general projects: technical services, technology development, technical consulting, technical exchanges, technology transfer, technology promotion; network technology services; information system integration services; professional design services; enterprise management consulting; social and economic consulting services; information service business in the second type of value-added telecommunications services (Internet information services only).
It is worth noting that on April 26, Ant Wealth (Shanghai) Financial Information Service Co., Ltd. underwent a change in industry and commerce, and Hu Xiaoming withdrew from the legal representative and was succeeded by Huang Hao. The company was established in 2014, the registered capital of 10 million yuan, the business scope includes: financial information services, financial product research and development, design, consulting services, market information consulting and investigation, etc., by Shanghai Yunjin Information Technology Co., Ltd., the latter is a wholly-owned subsidiary of Ant Technology Group Co., Ltd.
According to the management information introduced on the official website of Ant Group, Huang Hao served as vice president of Ant Group from December 2015 to December 2016, president and executive director of MYbank from December 2016 to March 2019, and president of Digital Finance Business Group of Ant Group since March 2019. Chen Liang joined Alipay in March 2008 and is responsible for brand and public communications, and has served as vice president of Ant Group since August 2017.
Hu Xiaoming, the former CEO of Ant Group (flower name "Sun Quan"), resigned as CEO through internal email on March 12 this year and will be responsible for Ant social welfare related projects in the future. Ant Group responded to the Chinese reporter of the brokerage at that time that the board of directors made a decision based on personal wishes and thanked Hu Xiaoming for his efforts and efforts in the company.
Xiaoming Hu is one of the partners of Alibaba Group, the former president of Alibaba Cloud, and one of the pioneers of Ant (Alibaba) Credit Technology. In November 2018, Hu Xiaoming took over Jing Xiandong, who had previously served as president for about 3 and a half years, as president of Ant Group (then ant financial group), and Hu Xiaoming took over as CEO in December 2019.
Brokerage China reporter saw on the official website of Ant Group that the CEO position of Ant Group is still concurrently held by Jing Xiandong, chairman of Ant Group.
Ant was recently interviewed for a "second time" and said that it had completed the study and formulation of the rectification plan
On December 26, 2020, 160 days after the financial management department put forward the rectification requirements for the five key business areas of Ant Group, on April 12 this year, the People's Bank of China, the Banking and Insurance Regulatory Commission, the Securities Regulatory Commission, the State Administration of Foreign Exchange and other financial management departments jointly interviewed Ant Group again.
Ant Group and Alibaba soon announced that Under the guidance of supervision, Ant has recently completed the research and formulation of rectification plans. Among them, many ant sesame credits should apply for the establishment of personal credit reporting companies, "borrowing" and "huabei" are all included in consumer finance companies, and important adjustments such as strengthening the appropriateness management of financial consumers are strengthened.
At that time, Pan Gongsheng, vice president of Chinese Min Bank, answered reporters' questions on behalf of the four departments on the interview with Ant Group. It is revealed that the content of Ant Group since its rectification mainly includes five aspects:
The first is to correct the unfair competition in the payment business, give consumers more choices in payment methods, disconnect the improper connection between Alipay and other financial products such as "Huabei" and "Borrowing", and correct violations such as nesting credit business in the payment link.
The second is to break the information monopoly, strictly implement the requirements of the "Regulations on the Administration of the Credit Reporting Industry", operate personal credit reporting business with a license in accordance with the law, follow the principle of "legal, minimum, and necessary" to collect and use personal information, and ensure personal and national information security.
Third, Ant Group as a whole applied for the establishment of a financial holding company, and all institutions engaged in financial activities were included in the financial holding company for supervision, improving risk isolation measures, and regulating related party transactions.
The fourth is to strictly implement the requirements of prudential supervision, improve corporate governance, conscientiously rectify financial activities such as illegal credit, insurance, and financial management, and control high leverage and risk contagion.
The fifth is to control the liquidity risk of important fund products and actively reduce the balance of the balance treasure.
For the results of the interview, Ant Group replied that it will take the opportunity of rectification into innovation and serve small and micro enterprises more firmly. And responded that the research and formulation of the rectification plan has been completed recently:
Ant Group will apply for the establishment of a financial holding company as a whole to realize the full inclusion of financial business in supervision; the payment business will return to the origin of payment, adhere to the positioning of small amounts of convenience and service for small and micro; apply for the establishment of a personal credit reporting company, operate personal credit reporting business in accordance with the law and in accordance with the law, strengthen the protection of personal information, and effectively prevent data abuse; include all "borrowing" and "Huabei" into the consumer finance company and carry out consumer finance business in accordance with the law; strengthen the protection of consumer rights and interests, strengthen the appropriateness management of financial consumers; improve corporate governance. Abide by the legal rules of fair competition, standardize related party transactions, strengthen risk prevention and control, create a market environment for fair competition, and further enhance the construction of social responsibility system. The above matters will be implemented in accordance with the regulatory provisions and the articles of association of Ant Group and other relevant agreements, after the performance of the corresponding procedures.
The reporter noted that since being first "interviewed" last year, Ant has adjusted a number of businesses, and its credit consumption installment product "Ant Huabei" has reduced the amount for young users; Alipay has taken the lead in offline processing of bank Internet deposit products on its wealth management page. On the other hand, there are also many changes in the personnel of business groups such as Ant Wealth Management and Ant Sesame Credit.