Ant Group Merges Alipay Units, Appoints Wu Minzhi President to Accelerate AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi announced a major restructuring of Alipay, merging its business group, digital payments group, and Sesame Credit unit into a single Alipay Business Group. Wu Minzhi was appointed president while retaining her role as Chief People Officer. The move aims to consolidate technology and ecosystem capabilities to accelerate AI agent commerce, a sector Han said is poised for large-scale growth. Alipay has invested in AI payments, the personal assistant "Abao," and offline "Tap" payments, with reported milestones including 300 million AI payment transactions.
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Ant Group restructures Alipay into new business group, appoints Wu Minzhi as president
Ant Group CEO Han Xinyi announced on September 21 a major organizational restructuring of Alipay, merging the Alipay Business Group, Digital Payment Business Group, and Sesame Credit Business Unit into a new Alipay Business Group. Wu Minzhi, who joined Ant Group in August 2021 after 20 years at Alibaba Group, has been appointed president of the new Alipay Business Group while retaining her role as Chief People Officer (CPO). The restructuring aims to accelerate Ant Group's布局 in AI agent commerce, building on its 'dual flywheel' strategy. Over the past three years, Alipay has developed AI payment systems (processing 300 million AI payments), an AI wallet, a personal assistant called 'Abao' (which upgraded over 10,000 services in three months), and the 'Tap' offline payment feature. The reorganization is designed to consolidate technology, products, and ecosystem capabilities to strengthen merchant services and enable each user to have an AI wallet and life assistant. Wu Minzhi previously stated at the 2026 Inclusion·Bund Conference that organizations should be redesigned around value to become AI-native, allowing AI to amplify human capabilities.
Read sourceAlipay Restructures Business Groups, Appoints New President to Accelerate AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing organizational adjustments and personnel appointments at Alipay to accelerate its AI agent commerce strategy. According to a report by China Business News, Alipay's business group, digital payment business group, and Zhima Credit business unit will merge into a new Alipay business group. Wu Minzhi will serve as president of the new Alipay business group while retaining her role as Ant Group's Chief People Officer. Han stated that AI technology development and industry penetration are accelerating, and AI agent commerce is experiencing large-scale growth. Alipay's previously proposed 'dual flywheel' strategy is designed to meet this moment. Over the past three years, Alipay has invested in AI payments, agent trust mechanisms, AI wallet, personal assistant 'Abao', offline 'Tap' payment, and multi-terminal ecosystems. The restructuring aims to consolidate technology, product, and ecosystem capabilities to strengthen merchant services. Wu Minzhi joined Ant Group in August 2021 after 20 years at Alibaba Group. This is Ant Group's first restructuring of the Alipay business group in nearly two years.
Read sourceAlipay Announces Major Restructuring and Executive Appointments to Accelerate AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing a major organizational restructuring at Alipay, merging the Alipay business group, digital payments business group, and Sesame Credit business unit into a new Alipay business group. Wu Minzhi, currently Ant Group's Senior Vice President and Chief People Officer, will serve as president of the new Alipay business group while retaining her CPO role. The restructuring aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services and accelerate the deployment of AI agent commerce. Han stated that AI technology and industry penetration are accelerating, leading to a large-scale explosion of AI agent commerce, and that Alipay's 'dual flywheel' strategy was designed for this moment. Over the past three years, Alipay has invested in AI payments, agent trust mechanisms, AI wallets, personal assistant 'Abao', offline 'bump' payments, and multi-terminal ecosystems. Separately, Ant Group's board was recently reshuffled with three new independent directors, including economist Bai Chong'en, XPeng Motors CEO He Xiaopeng, and former Deloitte China CEO Zeng Shunfu, joining existing independent directors Shi Meilun and Zhang Hongjiang. Ant Group's R&D spending reached a record 35.03 billion yuan in 2025, focused on general AI, data elements, trusted AI, and security.
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Ant Group restructures Alipay to accelerate AI agent commerce ahead of expected boom
On September 21, Ant Group CEO Han Xinyi announced a major organizational restructuring and personnel changes at Alipay to accelerate the deployment of AI agent commerce. The new Alipay business group will combine the existing Alipay business group, the digital payments business group, and the Zhima Credit business unit, with Wu Minzhi appointed as president and also serving as Ant's CPO. Wu previously held senior roles at Alibaba Group for over 20 years. Han stated that AI agent commerce is on the verge of large-scale growth, but acknowledged that industry expectations last year were too optimistic and actual rollout has been slower than anticipated. Key challenges include security, trust, and the lack of a positive feedback loop between supply and demand for agents. The reorganization aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services. Alipay has launched an AI open platform, a full-stack AI payment product, and an agent commerce trust protocol (ACT). The move signals Alipay's ambition to secure a leading position in AI agent payments and commerce, though whether the organizational changes will drive large-scale agent transactions remains uncertain.
Read sourceAnt Group restructures Alipay into single business group, appoints Wu Minzhi as president
On September 21, Ant Group CEO Han Xinyi announced a major organizational restructuring of Alipay via an internal letter, merging the Alipay Business Group, Digital Payments Business Group, and Sesame Credit Business Unit into a single new Alipay Business Group. Wu Minzhi, who joined Ant Group in August 2021 after over 20 years at Alibaba Group, was appointed president of the new group while retaining her role as Chief People Officer. The restructuring aims to accelerate Ant's 'dual flywheel' strategy for AI agent commerce, consolidating technology, products, and ecosystem capabilities to strengthen merchant services. The move follows December 2024's creation of two separate business groups and September 2025's renaming of Alipay's operating entities. Analyst Wang Pengbo of Botong Consulting noted the integration reduces internal friction and enables synergy across business units, while cautioning that agent commerce remains in early stages with uncertainties around user habits, merchant payment models, and cross-platform integration.
Read sourceFormer Alibaba Partner Wu Minzhi Named President of New Alipay Business Group, Also Ant CPO
On September 21, Ant Group CEO Han Xinyi issued an all-staff letter announcing an organizational restructuring and personnel appointment for Alipay, aimed at accelerating the layout of the agent-based commerce. According to the adjustment, the Alipay Business Group, Digital Payment Business Group, and Sesame Credit Business Unit will merge to form a new Alipay Business Group. Wu Minzhi, a former Alibaba partner, will serve as the president of the new Alipay Business Group and concurrently as Ant Group's Chief People Officer (CPO). Ant Group stated that the core goal of this restructuring is to further consolidate technology, product, and ecosystem capabilities, and strengthen the merchant service system. Wu Minzhi joined Alibaba in late 2000 and became an Alibaba partner in 2010. She held various senior roles including President of Alibaba's International Trade Business Group and B2B Business Group, and Chief Customer Officer. She left the Alibaba partnership in August 2021 to join Ant Group as Senior Vice President and Deputy CPO, becoming CPO in January 2023. The report notes Wu Minzhi has achieved financial independence, having been listed on the 2021 Hurun China Professional Managers List with a wealth of 5.5 billion yuan.
Read sourceAnt Group restructures Alipay into single unit to accelerate AI agent commerce push
Ant Group CEO Han Xinyi announced a major organizational restructuring of Alipay on September 21, consolidating the Alipay business group, digital payments business group, and Sesame Credit division into a single Alipay business group. Wu Minzhi will lead the new unit and also serve as Ant Group's Chief People Officer. The move is explicitly aimed at accelerating the company's push into 'AI agent commerce,' which Han said is entering a phase of large-scale growth. Over the past three years, Alipay has invested in AI payments, agent trust mechanisms, an AI wallet, a personal assistant called 'Abao,' offline 'Tap' payments, and multi-device ecosystems. According to data cited in the article, Abao has AI-upgraded over 10,000 services in three months and achieved cross-device connectivity. AI payments have processed 300 million transactions, and the 'Tap' feature has expanded offline payment share. The restructuring aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services, giving each user an AI wallet and life assistant and each merchant access to Alipay's AI open platform.
Read sourceAlipay Announces Major Organizational Restructuring and New Appointments to Boost AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an all-staff letter announcing a significant organizational restructuring and personnel appointments at Alipay, aimed at accelerating the company's layout of intelligent agent commerce. According to the adjustment, the Alipay Business Group, Digital Payment Business Group, and Sesame Credit Business Unit will merge to form a new Alipay Business Group. Wu Minzhi will serve as the president of the new Alipay Business Group and will also concurrently hold the position of Ant Group's Chief People Officer (CPO). The report is sourced from China Fund News and was published by Jin10 Data.
Read sourceAlipay Announces Major Organizational Restructuring and New Appointments to Boost AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing an organizational restructuring and personnel appointments at Alipay to accelerate its layout in intelligent agent commerce. The Alipay business group, digital payments business group, and Sesame Credit division will merge into a new Alipay business group, with Wu Minzhi appointed as its president and also serving as Ant Group's CPO. Han stated that with AI technology development and industry penetration accelerating, intelligent agent commerce is experiencing large-scale growth, and Alipay's previously proposed 'dual flywheel' strategy is designed for this moment. Over the past three years, Alipay has made continuous investments in AI payments, agent trust mechanisms, AI wallets, the personal assistant 'Abao', offline 'bump-to-pay', and multi-terminal ecosystems. According to the company, 'Abao' has completed AI upgrades for over 10,000 services in three months, AI payments have reached 300 million transactions, and 'bump-to-pay' has rapidly expanded offline payment share. The restructuring aims to consolidate technology, products, and ecosystem capabilities to strengthen the merchant service system.
Read sourceAlipay restructures, appoints new president to accelerate AI agent commerce push
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing organizational adjustments and personnel appointments at Alipay to accelerate the deployment of AI agent commerce. The restructuring merges the Alipay Business Group, Digital Payment Business Group, and Sesame Credit Business Unit into a new unified Alipay Business Group, to be led by Wu Minzhi, who will also retain her role as Ant Group's Chief People Officer. Han stated that AI agent commerce is poised for large-scale growth as AI technology advances, and that Alipay's previously proposed 'dual flywheel' strategy is designed for this moment. Over the past three years, Alipay has invested in AI payments, agent trust mechanisms, the AI wallet, the personal assistant 'Abao', offline 'Tap' payments, and multi-terminal ecosystems. The company reports that Abao has AI-upgraded over 10,000 services in three months, AI payments have reached 300 million transactions, and 'Tap' has expanded offline payment share. The reorganization aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services, giving each user an AI wallet and life assistant and each merchant access to Alipay's AI open platform.
Read sourceAlipay Announces Organizational Restructuring to Accelerate AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing organizational adjustments and personnel appointments at Alipay to accelerate the deployment of AI agent commerce. The restructuring merges the Alipay Business Group, Digital Payment Business Group, and Sesame Credit Business Unit into a new Alipay Business Group, led by Wu Minzhi, who will also serve as Ant Group's CPO. Han stated that AI agent commerce is experiencing large-scale growth, and Alipay's 'dual flywheel' strategy was designed for this moment. Over the past three years, Alipay has invested in AI payments, agent trust mechanisms, the AI wallet, the personal assistant 'Abao', offline 'Tap' payments, and multi-device ecosystems. The company reports rapid progress: Abao has AI-upgraded over 10,000 services in three months and achieved cross-device connectivity; AI payments have processed 300 million transactions; and 'Tap' has expanded offline payment share. The reorganization aims to consolidate technology, products, and ecosystem capabilities to strengthen the merchant service system, providing every user with an AI wallet and life assistant, and enabling merchants to leverage Alipay's AI open platform.
Read sourceAlipay restructures into new business group, appoints Ant Group CPO Wu Minzhi as president
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing a major organizational restructuring of Alipay, merging the Alipay Business Group, Digital Payment Business Group, and Sesame Credit Business Unit into a new Alipay Business Group. Wu Minzhi, Ant Group's Chief People Officer, will serve as president of the new group while retaining her CPO role. The restructuring aims to accelerate Alipay's layout in the intelligent agent commerce sector, which Han said is experiencing large-scale growth driven by AI technology. The company cited rapid development of its AI initiatives: the personal assistant 'Abao' upgraded over 10,000 services in three months and achieved cross-device connectivity; AI payment built a full-stack product system and processed 300 million AI payments; and the 'Tap' feature expanded offline payment share. The reorganization is intended to consolidate technology, product, and ecosystem capabilities to strengthen merchant services and enable each user to have an AI wallet and life assistant.
Read sourceAnt Group CEO Announces Alipay Restructuring and New Appointment of Wu Minzhi as President
Ant Group CEO Han Xinyi issued an internal letter announcing a restructuring of Alipay and new personnel appointments, as reported by the Star Market Daily. According to the adjustment, the Alipay Business Group, Digital Payments Business Group, and Sesame Credit Business Unit will be merged into a new Alipay Business Group. Wu Minzhi will serve as the president of the new Alipay Business Group and will also concurrently hold the position of Ant Group's Chief People Officer (CPO). Wu Minzhi joined Ant Group in August 2021. Prior to that, she worked at Alibaba Group for over 20 years, holding roles such as President of Alibaba International Trade Business Group, President of B2B Business Group, and Chief Customer Officer of Alibaba.
Read sourceAlipay Announces Organizational Restructuring and New Appointment of Wu Minzhi as President
Ant Group CEO Han Xinyi issued an internal letter announcing an organizational restructuring and personnel appointment for Alipay. According to the announcement, the Alipay Business Group, Digital Payments Business Group, and Sesame Credit Business Unit will be merged to form a new Alipay Business Group. Wu Minzhi will serve as the president of the new Alipay Business Group and will concurrently hold the position of Ant Group's Chief People Officer (CPO). Wu Minzhi joined Ant Group in August 2021. Prior to that, she worked at Alibaba Group for over 20 years, holding positions including President of Alibaba International Trade Business Group, President of B2B Business Group, and Chief Customer Officer of Alibaba. The report was sourced from the Star Market Daily and reported by journalist Huang Xinyi.
Alipay Announces Major Reorganization and New Appointments to Accelerate AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing a reorganization of Alipay and new appointments to accelerate the layout of AI agent commerce. The Alipay business group, digital payment business group, and Sesame Credit business unit will merge into a new Alipay business group, with Wu Minzhi appointed as its president, also serving as Ant Group's CPO. Han stated that AI agent commerce is experiencing large-scale growth, and Alipay's 'dual flywheel' strategy is designed for this moment. Over the past three years, Alipay has invested in AI payment, agent trust mechanisms, AI wallet, personal life assistant 'Abao', offline 'Tap' payment, and multi-terminal ecosystems. According to the article, 'Abao' upgraded over 10,000 services in three months, AI payment completed 300 million transactions, and 'Tap' expanded offline payment share. The reorganization aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services.
Read sourceAnt Group CEO Announces Alipay Reorganization and Appointment of Wu Minzhi as President
According to a report by the Science and Technology Board Daily, Ant Group CEO Han Xinyi issued a company-wide letter announcing an organizational adjustment and personnel appointment for Alipay. The restructuring will merge the Alipay Business Group, the Digital Payment Business Group, and the Sesame Credit Business Unit into a new, unified Alipay Business Group. Wu Minzhi has been appointed as the president of this new Alipay Business Group, while also retaining her role as Ant Group's Chief People Officer (CPO). Wu Minzhi joined Ant Group in August 2021. Prior to this, she held several senior positions at Alibaba Group, including President of the International Trade Business Group, President of the B2B Business Group, and Chief Customer Officer. The information was sourced from the Cailian Press.
Read sourceAlipay Announces Organizational Restructuring and Appointments to Accelerate AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an all-staff memo announcing an organizational restructuring and personnel appointments at Alipay to accelerate the deployment of AI agent commerce. According to a report by China Business News, the Alipay business group, the digital payments business group, and the Zhima Credit business unit will be merged into a new Alipay business group. Wu Minzhi, who joined Ant Group in August 2021 and previously held senior roles at Alibaba, will serve as the president of the new Alipay business group while retaining her role as Ant Group's Chief People Officer. Han stated that with the rapid development of AI technology and industry penetration, the AI agent commerce sector is poised for large-scale growth, and Alipay's previously announced 'dual flywheel' strategy is designed to meet this moment. Over the past three years, Alipay has invested in AI payments, agent trust mechanisms, AI wallets, the personal assistant 'Abao', offline 'bump' payments, and multi-device ecosystems. The restructuring aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services. This is Ant Group's first major reorganization of the Alipay business group in nearly two years, following a December 2024 restructuring that created the digital payments and Alipay business groups with a rotating president system.
Read sourceAlipay restructures to accelerate intelligent agent commerce before expected boom
On September 21, Ant Group CEO Han Xinyi announced a major organizational restructuring and personnel appointments at Alipay, aiming to accelerate the deployment of intelligent agent commerce. The Alipay business group, digital payment business group, and Sesame Credit business unit will be merged into a new Alipay business group, with Wu Minzhi appointed as president and also serving as Ant Group's CPO. Wu previously held senior roles at Alibaba, including president of the international trade and B2B business groups. Han stated that with the rapid development of AI technology and industry penetration, intelligent agent commerce is on the verge of large-scale growth, and Alipay's 'dual flywheel' strategy is designed for this moment. However, Han acknowledged at the recent Bund Conference that the industry was overly optimistic last year, and actual deployment has been slower than expected. He identified two key challenges: safety and trust issues, and the lack of a positive supply-demand cycle for intelligent agents. The reorganization aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services. Alipay has launched an AI open platform, a full-stack AI payment product, and an intelligent agent commerce trust protocol (ACT). Whether these moves will drive large-scale intelligent agent transactions remains uncertain, as the industry still needs to stimulate real demand.
Read sourceAlipay Announces Major Restructuring and Personnel Appointments to Boost AI Agent Commerce
On September 21, Ant Group CEO Han Xinyi issued an internal letter announcing organizational adjustments and personnel appointments for Alipay, aimed at accelerating the deployment of AI agent commerce. The Alipay business group, digital payment business group, and Sesame Credit business unit will merge into a new Alipay business group, with Wu Minzhi appointed as its president and continuing as Ant Group's CPO. Wu joined Ant Group in August 2021 and previously held senior roles at Alibaba Group for over 20 years. Han stated that AI agent commerce is experiencing large-scale growth, and the 'dual flywheel' strategy is designed for this moment. Over the past three years, Alipay has invested in AI payment, agent trust mechanisms, AI wallet, personal assistant 'Abao', offline 'bump' payments, and multi-terminal ecosystems. The restructuring aims to consolidate technology, products, and ecosystem capabilities to strengthen merchant services. In June, Ant Group completed a board reshuffle, adding three independent directors including economist Bai Chong'en, XPeng Motors CEO He Xiaopeng, and former Deloitte China CEO Zeng Shunfu. Ant Group's 2025 R&D investment reached a record 35.03 billion yuan, focusing on general AI, data elements, trusted AI, and security.
Read sourceAnt Group restructures Alipay, merges business groups to accelerate AI agent commerce
On September 21, Ant Group CEO Han Xinyi announced a major organizational restructuring of Alipay via an internal letter, merging the Alipay Business Group, Digital Payments Business Group, and Sesame Credit Business Unit into a new Alipay Business Group. Wu Minzhi, who joined Ant in August 2021 and previously held senior roles at Alibaba, was appointed president of the new Alipay Business Group while retaining her role as Chief People Officer. The move aims to consolidate technology, product, and ecosystem capabilities to accelerate the 'dual flywheel' strategy for AI agent commerce. Han stated that the 'ChatGPT moment' for agent commerce has arrived, positioning Ant as a 'catalyst' addressing security, trust, and ecosystem formation. Analyst Wang Pengbo noted the restructuring integrates user-facing products, payment execution, and credit trust systems to enable a full chain from demand initiation to transaction and credit assurance. However, some industry insiders cautioned that agent commerce remains early-stage, with uncertainties in user habit cultivation, merchant payment models, and cross-platform ecosystem integration, and that success depends on reducing agent invocation costs and establishing stable monetization paths for the merchant platform.
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