Chinese fintech giant Ant Group has appointed its Peng Yang as the President of the company’s International Business Group (IBG). He succeeds Angel Zhao who is stepping down for personal reasons.

Since the beginning of 2023, Ant’s IBG has seen rapid business growth especially its Alipay+ business which connects over 2.5 million global merchants to over a billion Asian consumers via a one-stop integration of over 20 most popular payment methods in Asia.

Prior to joining Ant Group’s IBG in February 2023 to lead Alipay+ global business lines, Peng Yang led continued innovation and drove growth for Alipay’s digital life services during his years of work at Alipay.

Before that, Peng served as Vice President of Dell Technologies, holding various executive roles across Greater China, Asia Pacific, and global emerging markets, accumulating extensive experience in cross-market and cross-cultural management.

Peng Yang will be reporting to Eric Jing, Ant Group’s Chairman and CEO.

“We strive to enable global consumers to enjoy seamless payment experience around the world with one home e-wallet, and merchants to build greater international success with one integrated World Account that offers a full set of global digital funds management and credit services.

 

With a firm commitment to openness and collaboration, we look forward to seeing our International Business Group seizing the strategic opportunities and achieving more critical breakthroughs towards this vision.”

said Eric Jing, Chairman and CEO of Ant Group.