Ni Xingjun took over as the legal representative and chairman of Alipay (China), and the “two Alipays” business model was clarified

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36氪 was informed that the legal representative and chairman of Alipay (China) Network Technology Co., Ltd. will be changed from Jing Xiandong to Ni Xingjun. Alipay has submitted a change application to the industry and commerce department and has been approved. Ni Xingjun is the senior vice president and chief technology officer of Ant Group, and a core member of the founding team of Alipay. Alipay (Hangzhou) Information Technology Co., Ltd., the main company of Alipay Internet sector (Alipay App), has also changed its directors, supervisors and senior management, and Li Juan, the person in charge of Alipay App, has become the general manager. Industry insiders believe that with the finalization of the new management of the two major companies, the business model of the “two Alipays” of payment technology and digital interconnection may become clearer.
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