Ant Group makes fresh move to advance internal reshuffle

Ant Group makes fresh move to advance internal reshuffle

Ant Group's Hangzhou Headquarters. Source: Ant Group

Alibaba-backed fintech giant Ant Group is making another internal structural change to empower its board of directors as part of a broader revamp to satisfy regulatory requirements since its scuppered IPO in late 2020.

Ant established a new committee under its board to oversee risk management and consumer protection, the company said in a semi-annual report released Wednesday. The creation of the panel is a key step to enhance corporate governance and strengthen the functioning of the board, Ant said.

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