Ant Group is not a state-owned enterprise.

Ant Group is also not a centralized enterprise, but a private financial enterprise. Ant Group is the parent company of the mobile payment platform Alipay and the world's leading open platform for financial technology, committed to using technology to promote the digital upgrading of the global modern service industry, including the financial services industry, and working together with its partners to provide consumers and small and medium-sized enterprises with inclusive, green and sustainable services to bring about small but beautiful changes to the world.

Relying on mobile Internet, big data, cloud computing as the basis for China to practice the important practice of financial inclusion. It has sub-business segments such as Alipay, Balance, Zhaocaibao, Ant Jubao, Netcommerce Bank, Ant Chanting, and Sesame Credit.

Ant Group's corporate structure and development history:

1. Corporate structure

Ant Group consists of a number of brands, such as Alipay, Ant Wealth, and Sesame Credit. Among them, Alipay is the company's core business, with sub-brands such as Alipay Wallet, Koubei and Idle Fish, covering a wide range of areas such as payment, life services and e-commerce. Ant Wealth is mainly engaged in financial services such as wealth management and funds, while Sesame Credit represents the field of credit and risk control. The company has a clear structure, and the brands collaborate with each other to form a complete ecosystem.

In addition, Ant Group is also actively expanding overseas markets, and has already established operations in Southeast Asia and South Korea, and will continue to reach out globally in the future as well.

2, development history

Ant Group was founded in 2014, controlled by Alibaba Group, with Alipay as its core business. In the early stage of its establishment, the company was mainly engaged in the payment business, and with the changes in market demand, it gradually developed a number of business segments, such as wealth management, credit, insurance and so on. After nearly a decade, on April 6, 2023, the Institute for Advanced Studies at Tsinghua University and Ant Group officially established the "Joint Research Center for Privacy Computing and Blockchain" and held an inauguration ceremony.

Reference: Baidu Encyclopedia-Ant Technology Group Co.