Ant splits Alipay into the Digital Payment Business Group focused on new payment products, and the Alipay Business Group focused on user growth and monetization (Ann Cao/South China Morning Post)

Ann Cao / South China Morning Post:
Ant splits Alipay into the Digital Payment Business Group focused on new payment products, and the Alipay Business Group focused on user growth and monetization  —  The company will adopt a ‘rotating presidential system’ for the two new businesses, with each unit president serving a six-month term