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Ant president jinbao announced that there is only one reason for Pick Hu Xiaoming | Lei fengwang

Lei Fengwang(Public Number: Lei Feng Network)of

November 29, it became known that today Alibaba Cloud President Hu Xiaoming (well-known name Sun Quan) became the president of Ant Financial Group and reported to Chairman and CEO Jing Xiandong. By mail, Jing Xiandong welcomed the return of Hu Xiaoming and said that his return is a major upgrade of Ant Financial's organizational structure.

President Ant King announced that there is only one reason for Pick Hu Xiaoming.

(Photo caption: In October 2016, Hu Xiaoming gave a speech at a conference in Hangzhou Yunji).

Although the achievements of a larger number of outsiders are made in the Alibaba cloud period, the “financial” attribute of Hu Xiaoming has always been relatively strong, and he is also a “veteran” Ant Financial.

Before joining Alibaba, Hu Xiaoming worked in financial institutions such as China Construction Bank and China Everbright Bank, and has extensive experience in corporate and personal finance, microenterprise financing and online credit systems. In 2005, Hu Xiaoming joined Alibaba, created Ali Finance, provided credit services to small and micro enterprises based on big data, and then held the position of chief financial officer at Ant Financial, leading the development of Alipay and many enterprises.

It is worth noting that Lei once found out that Hu Xiaoming led investment in an online financing company in Hangzhou from 2012 to 2013. Halfway through the adjustment of the positions of the investment was not followed.

After the appropriate adjustments, Hu Xiaoming was already president of Alibaba Cloud when he appeared in public in 2014. According to official data, since 2015, the average growth rate of Alibaba Cloud has exceeded 100%. Zhang Yong, CEO of Alibaba Group, commented Hu Xiaoming: “The past four years have made outstanding contributions to the development of the Alibaba cloud, which has allowed the integration of Alibaba Cloud’s technological dreams and dreams.

Anton Jinbao said that returning to jinfu as president, for Hu Xiaoming, must return to the battlefield and the field in which he was familiar. For Ant Financial, it is an important leader in cloud management.

Cloud computing is the foundation and foundation of many financial technology solutions, but not just the cloud, because at this stage, with the innovations of Fintech financial institutions, clean cloud services can no longer satisfy complex needs.

It is not difficult to find that in 2018 the scheme of expanding opportunities in the field of financial technologies is more crowded. Although the financial industry is actively using technology, technology and financial services are increasingly integrated.

The ant’s response strategy has been to offer a BASIC technological strategy (blockchain, artificial intelligence, IoT, security, supercomputer, etc.) since October 2017. It will be fully opened in September of this year, and the brand name will also be derived from «ant. The financial cloud has been updated to Ant Gold Service Technology. Ant Financial previously stated to Lei Feng that future financial opportunities are not purely technical or business. Business and technology are two sides of a coin that require digital services and have capabilities that expand deeply and horizontally from different angles.

Therefore, at this stage, the ants chose Hu Xiaoming, cloud computing and a financial composite background, and hoped that the leader of “technology + business” could force them to realize an “open collaboration” ecosystem.

It is also worth noting that this year the C-side business is also developing rapidly. Alipay recently announced that Alipay has more than 900 million users worldwide. Among active users from within, 70% of users use 3 or more Alipay. service. In addition, in June of this year, Ant Financial Services completed a new round of financing in the amount of $ 14 billion with an estimate of more than $ 150 billion, ranking 9th among global Internet companies.

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President Ant King announced that there is only one reason for Pick Hu Xiaoming.

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