Ant Group issued a statement yesterday,Kairaku Jigoku no Toriko (2019) refuting rumors of an impending shell listing and internal information leaks. The company stated that it had no plans for an IPO or to go public through a reverse merger, urging the public to be cautious of scammers claiming to have inside knowledge and promoting stock recommendations. The statement comes amid reports on multiple platforms where such claims were being made to lure users into stock-picking groups. In a separate announcement on December 8, Ant Group Chairman and CEO Jing Xiandong confirmed that Han Xinyi would succeed him as CEO, effective March 1, 2025. Han will take over responsibility for the company’s daily operations and report to Jing and the board. Jing will focus on his role as chairman, continuing to support Han and the management team in the company’s future development. [Ant Group Weibo account, in Chinese]
