The latest whereabouts of Ant Blockchain executive Jiang Guofei

The former senior vice president of Ant Group and top blockchain leader Jiang Guofei, his latest move is clear - he will join China Electronics as chief scientist.

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

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

And Ant Digital, which he previously led, operates independently with the upgrade of its organizational structure. It is led by Dr. Zhao Wenbiao, senior vice president of Ant Group and former president of the security business group, as CEO. Ni Xingjun, the former CTO of Ant, serves as the chairman of Ant Digital. At present, Ant Digital has completed a capital increase of 2 billion.

Jiang Guofei’s latest trends

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

In Ant, everyone affectionately calls him "brother-in-law" because of his English name Jeff. It was under his leadership that Ant Digital demonstrated its influence in technologies such as blockchain.

According to public information, Jiang Guofei graduated from Beijing Institute of Technology and received his undergraduate and doctorate degrees.

After graduating from Ph.D., he went to the United States for further study, studying and working for nearly 20 years.

He first completed postdoctoral research at Dartmouth College in the United States, and then joined NEC Research Institute of America, where he served as senior researcher, department head and vice president, engaged in IoT, big data analysis, AI, cloud platforms, computer security, and software reliability Define R&D work in areas such as networking.

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

In 2017, he chose to return to China and join Ant, responsible for blockchain technology innovation-related work. At that time, Ant Group’s number of blockchain patents ranked first in the world.

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

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

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

Currently, Ant Digital has united more than 300 partners globally and served more than 10,000 corporate customers.

Ant "One Breaks Three"

In March this year, an all-staff letter revealed Jiang Guofei's trend: 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 many years.

What attracted more attention from the industry is that the letter revealed the next major development changes of Ant.

Ant has split and reorganized its businesses, Ant International, OceanBase and Ant Digital. They will operate independently, establish separate boards of directors, and implement a CEO responsibility system under the leadership of the board of directors.

Among them, Yang Peng, the former president of the international business group, serves as the CEO of Ant International; Zhao Wensheng, vice president of Ant Group and president of the security business group, serves as the CEO of Ant Digital; and OceanBase, which had previously operated independently, has Yang Bing as CEO.

The letter from 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 part, Han Xinyi will serve as President of Ant Group, fully responsible for digital payment, digital interconnection and digital financial business, reporting to Chairman and CEO Jing Xiandong.

This organizational upgrade is to further accelerate the pace of reform and promote Ant’s three major strategies of “AI First”, “Alipay Double Flywheel” and “Accelerated Globalization”.

It is worth noting that the three major businesses of Ant have only just begun to break out of Ant.

Next, Jing Xiandong revealed that there are many emerging businesses in the Ant system that are incubating and growing, such as medical and health services, Sesame Credit, Xiaohebao, etc.

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

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