Reported 3 days ago
Ant Group is restructuring its mobile payment platform Alipay into two business units: the Digital Payment Business Group, focused on innovative payment solutions, and the Alipay Business Group, which will enhance user growth and monetization. This move reflects Alipay's evolution into a digital service provider and follows a broader organizational overhaul within Ant Group, aiming to foster expansion amidst ongoing speculation about its potential IPO.
Source: YAHOO