top of page
tech360.tv
Dec 10, 20242 min read

Jack Ma Envisions AI-Driven Future in Rare Ant Group Speech

Jack Ma expresses confidence in Ant Group's future at 20th-anniversary event. Emphasises the transformative potential of AI in the next two decades. Ant Group undergoes leadership transition with CEO succession plan.


Jack Ma Envisions AI-Driven Future in Rare Ant Group Speech
Credit: BLOOMBERG

Ma expressed his confidence in the future of Ant, foreseeing "more miracles" in the next two decades. This event marked Ma's first address to Ant Group since its halted mega initial public offering in 2020.


Despite distancing himself from Ant last year, Ma, a key figure in China's private sector, commended the company's accomplishments. He highlighted the transformative power of artificial intelligence (AI) in the upcoming years, stating that AI will usher in an era beyond imagination.


Ma emphasised that while AI will revolutionise everything, success hinges on creating genuinely valuable and unique innovations. He affirmed Ant's commitment to leveraging technology for societal progress in the years ahead. Ma's speech, though brief, resonated widely on Chinese social media platforms.


During the event, Ma was pictured alongside Eric Jing Xiandong, Ant's chairman, and Peng Lei, co-founder of Alibaba and Alipay, showcasing a leadership transition within the company. Shortly after Ma's speech, Ant announced that Jing would step down as CEO in 2025, with finance chief Cyril Han Xinyi taking over.


Ant Group, established in 2014, and its flagship mobile payments platform Alipay have been instrumental in transforming China into a cashless society. However, the rapid growth of fintech has prompted regulatory responses, leading to structural changes within Ant Group to comply with evolving regulations.


Ma's recent visit to an Alibaba campus did not touch upon Ant's IPO plans, but he expressed gratitude for the support and constructive criticism Ant has received. He acknowledged the challenges ahead but remained optimistic about shaping the future collaboratively.

 

  • Jack Ma expresses confidence in Ant Group's future at 20th-anniversary event

  • Emphasises the transformative potential of AI in the next two decades

  • Ant Group undergoes leadership transition with CEO succession plan


Source: SCMP

As technology advances and has a greater impact on our lives than ever before, being informed is the only way to keep up.  Through our product reviews and news articles, we want to be able to aid our readers in doing so. All of our reviews are carefully written, offer unique insights and critiques, and provide trustworthy recommendations. Our news stories are sourced from trustworthy sources, fact-checked by our team, and presented with the help of AI to make them easier to comprehend for our readers. If you notice any errors in our product reviews or news stories, please email us at editorial@tech360.tv.  Your input will be important in ensuring that our articles are accurate for all of our readers.

bottom of page