ANT GROUP CO., LTD. has issued a letter to all employees, stating that it will accelerate the promotion of the dual-flywheel and AI Global Strategy. A new Alipay business group will be formed based on the APP division, advertising division, digital product division, digital livelihood division, digital travel & hospitality division, and the digital Logistics division (formerly the digital Logistics & enterprise code division). The Digital Payment business group and Alipay business group will adopt a rotating president system, where the rotating presidents will serve in the president positions of each business group, responsible for implementing strategic goals and making major decisions. The term for a rotating president is six months, with the first appointees being Qinyi and Putian serving as rotating presidents of the Digital Payment business group and Alipay business group respectively. (Financial Association)