Jingxian Yin will succeed Peng Lei as the CEO of Ant Financial Services, and Ma Yun publishes an internal open letter.

The picture shows Peng Lei on the left and Jing Yindong on the right.

From the day when Ma Yun resigned from Alibaba Group CEO in 2013, and began trading Luzhixuan, it was a good practice for Ali to give his first-line opportunities at a suitable time to young colleagues with shorter working hours. Today, Ma Yun reaffirmed this point by sending an open letter to the internal staff for the first handover of the Ant Financial CEO position.

In the letter, Ma Yun announced that since October 16th, Peng Lei, chairman and CEO of Alibaba Group, one of the founders of Alibaba Group, will formally resign from his post as CEO, and another veteran from Ali Take over.

Ma Yun said that it is not the high profits and the leading market share that ant gold clothing prides itself on today, but that they have participated in the entire era of small and micro financial reforms, and in the process have cultivated a global It also belongs to an advanced talent team that has been chasing the target. He said: "The confidence of the continuous talents has allowed us to let go and give young people greater responsibility, stage and challenges."

In addition to announcing the above personnel adjustments, Ma Yun re-emphasized the creation of ant gold suits at this particular time. He said that China does not need one more financial company, but lacks a financial services company that really focuses on serving small and micro businesses and ordinary consumers. For many years, ant gold suits revolved around this goal, upholding the Internet spirit, ideas and technologies that began in the era of Alipay, and became a pioneer in the field of financial innovation in many fields such as payment, small loans, insurance, and wealth management. The establishment of an Internet-based financial credit system has exerted a far-reaching impact in the wave of innovation in the Chinese financial market.

Finally, Ma Yun pointed out that Ant Financial must bravely face the innovative financial environment represented by personalization and intelligence in the 21st century, and create a new financial system that is more inclusive, transparent, equal, and green. And I wish Ant Gold has a better future.

The following is the open letter of the original:

In response to Ma Yun’s internal letter, Peng Lei said in a follow-up reply:

Jingxian Yin said in an email reply:

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