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Ant Group has appointed Cyril Han as its new CEO, effective March 1, 2025, succeeding Eric Jing, who will remain as chairman. The announcement coincided with the company's twentieth anniversary and a rare public appearance by founder Jack Ma, who emphasized the transformative potential of artificial intelligence over the next two decades. Ma's comments come as Ant Group continues to navigate regulatory challenges following a crackdown on the tech sector in China.

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