Ant Sharpens Southeast Asia Strategy With New Leadership

(Singapore) — China’s Ant Group Co. signaled its global business expansion is back on track as the fintech giant put one of its top executives in charge of operations in Southeast Asia, the world’s hottest mobile wallet market.

The future of billionaire Jack Ma’s Ant has been up in the air since Chinese authorities blocked its mega share sale in 2020 and ordered a sweeping overhaul of the business. With Jia Hang in charge of Southeast Asia operations since March, the region is set to take center stage in the company’s new growth push.