Ant Digital Now Independent, Completes RMB2B Capital Increase

Ant Digital Technologies, the tech commercialization arm of Ant Group, is now operating independently. Its main entity, Ant Chain (Shanghai) Digital Technology, has completed a RMB 2 billion capital increase, according to Sina Tech.

In March, Eric Jing, Chairman and CEO of Ant Group, announced organizational upgrades, including Jiang Guofei's departure and Zhao Wenbiao's appointment as CEO of Ant Digital.

Ant Digital aims to leverage its strengths in blockchain, AI, privacy computing, and security technology to drive industry-wide digital upgrades.