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Baijiao from Aofei Temple
Quantum Bit | Public Account QbitAI

Former Senior Vice President of Ant Group and Head of BlockchainJiang Guofei, the latest destination is clear——

Will join China Electronics as chief scientist.

It is reported that he will be responsible for promoting the implementation of the national data elements and artificial intelligence strategy at China Electronics.

It was revealed a month ago that he resigned due to personal life and work plans, ending his 7-year career at Ant.

The Ant Financial Technology, which he previously led, now operates independently as its organizational structure is upgraded.Dr. Zhao WenbiaoNi Xingjun, the former CTO of Ant Financial, is now the chairman of Ant Financial Technology.

Ant Digits has currently completed a capital increase of 2 billion yuan.

Jiang Guofei's latest developments

Before joining China Electronics, Jiang Guofei was senior vice president of Ant Group and president of Ant Digits.

In Ant, everyone affectionately calls him "Brother-in-law" because of his English name Jeff. It is under his leadership that Ant Digits has demonstrated its influence in blockchain and other technologies.

According to public information, Jiang Guofei graduated from Beijing Institute of Technology and obtained his bachelor's and doctoral degrees.

After graduating with a doctorate, he went to the United States for further studies, where he studied and worked for nearly 20 years.

He first completed his postdoctoral research at Dartmouth College in the United States, and then joined NEC America Research Institute, where he served as a senior researcher, department head, and vice president, engaged in research and development in the fields of IoT, big data analysis, AI, cloud platforms, computer security, and software-defined networks.

In addition, he has published more than 160 top papers and won the best paper award at conferences such as SIGKDD. His research areas include the Internet of Things, big data, artificial intelligence, cloud computing, computer security, and software-defined networks.

In 2017, he returned to China to join Ant Group, where he was responsible for blockchain technology innovation. That year, Ant Group ranked first in the world in terms of the number of blockchain patents.

In September 2019, he began to serve as President of the Intelligent Technology Business Group and became the core person in charge of the Ant Blockchain platform.

A year later, he led the team to launch the Ant Chain technology platform Trusple, which is the core application of Ant Chain in financial scenarios and solves the trust problem between buyers and sellers in international trade.

Last November, Jiang Guofei disclosed for the first time the overseas development data of the digital technology sector during the Singapore Fintech Festival, saying that in the past year, the overseas revenue brought by Ant Digital through technology products has increased by 300%.

Currently, Ant Financial has collaborated with more than 300 partners around the world and has served more than 10,000 corporate clients.

Ant Group: One Split into Three

In March of this year, a letter to all employees revealed Jiang Guofei's movements: due to personal life and work plans, he would no longer serve as president.

In the letter, Ant Chairman and CEO Jing Xiandong thanked Jiang Guofei for his contributions and breakthroughs to the development of Ant's business over the past years.

What is more concerned by the industry is that the letter reveals Ant’s future major developments and changes.

Ant Group will split and reorganize its businesses into three: Ant International, OceanBase, and Ant Digitization. They will operate independently, establish their own boards of directors, and implement the CEO responsibility system under the leadership of the board of directors.

Among them, Yang Peng, the former president of the International Business Group, was appointed as the CEO of Ant International, Zhao Wenpao, the vice president of Ant Group and the president of the Big Security Business Group, was appointed as the CEO of Ant Digital Technology; and OceanBase, which had previously operated independently, was appointed by Yang Bing as the CEO.

The letter to all employees revealed that the three companies have introduced equity incentive tools that are more suitable for entrepreneurial organizations and will start granting them in 2024.

As for the main business, Han Xinyi will serve as the president of Ant Group, fully responsible for digital payment, digital interconnection and digital financial business, and report to Chairman and CEO Jing Xiandong.

This organizational upgrade is aimed at further accelerating the pace of reform and advancing Ant’s three major strategies of “AI First”, “Alipay Dual Flywheels” and “Accelerated Globalization”.

It is worth noting that Ant’s three major businesses are just the beginning of going beyond Ant.

Next, Jing Xiandong revealed that there are still many emerging businesses being incubated and growing within the Ant system, such as medical and health services, Sesame Credit, and Xiao Hebao.

In the future, more new businesses and new species will emerge and then face the market independently.