[Alipay Forms New Business Group to Accelerate Smart Business Deployment] Ant Group CEO Han Xinyi issued an internal letter announcing the merger of the Alipay Business Group, Digital Payment Business Group, and Sesame Credit Division into a new Alipay Business Group to accelerate the deployment of smart business initiatives. Wu Minzhi has been appointed as the president of the new Alipay Business Group and will also serve as Ant Group's Chief Product Officer (CPO). Han Xinyi stated that the adjustment aims to consolidate technology, product, and ecosystem capabilities to strengthen the merchant service system. Over the past three years, Alipay has continuously invested in areas such as AI payments and Agent trust mechanisms, AI wallets, the personal life assistant "Abao," offline "Tap to Pay," and multi-terminal ecosystems. Among these, AI payments have completed 300 million AI-powered transactions, "Abao" has achieved over 10,000 AI-driven service upgrades within three months, and "Tap to Pay" has rapidly expanded its share in offline payments.