Ant Financial marches on with a new leader

CEO Eric Jing adds executive chairman duties as Lucy Peng moves to Alibaba's Southeast Asia e-commerce play, Lazada.

There's a new man at the helm of Ant Financial.

The financial services affiliate of Jack Ma's Alibaba empire has named CEO Eric Jing as its new executive chairman, replacing Lucy Peng, who takes over as CEO of Lazada, Southeast Asia's biggest e-commerce retailer, which is majority owned by Alibaba.

The moves reflect the challenge Alibaba faces in developing, managing and deploying its top talent as it grows internationally across multiple business lines.

“Ant Financial has done an incredible job of cultivating talent, Ma wrote in an email circular to staff on Monday. Just as each wave in the Yangtze River pushes the...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222