On June 22nd, Ant Financial Services, which has been with us for six years, was renamed Ant Group, the full name of which is Ant Technology Group Co., Ltd. Compared with the previous Zhejiang Ant Microfinance Services Group Co., Ltd., the renamed Ant Financial Services lacked the words "Zhejiang" and "finance" and added the word "technology". It can be seen that the meaning behind the renaming of Ant Financial Service is desalination.
In recent years, more and more Internet giants are playing down their financial attributes. For example, from 2065438 to September 2008, JD Finance renamed the official accounts of several online platforms as "JD.COM Mall", and the shift of business focus of Ant Group has begun.
For a long time in the past, finance was the lifeblood of Ant Financial Services. After the products such as Yu 'ebao, Bai Hua and Sesame Credit gradually matured, the technology business became the second life of ants. Ant Group applies technologies such as big data, artificial intelligence, blockchain and cloud computing to financial services. According to the forecast, by 20021,the technical service income of Ant Group will account for 65% of the total income, becoming the largest income item of Ant Group. As can be seen from the employee composition of Ant Group, the proportion of ant calculators exceeds 63%.
In 20 18, the number of patent applications filed by Ant Financial far exceeded Facebook and Amazon, and the number of patent applications reached more than 3,200. As of April 17, 2020, Alibaba's global blockchain patents covered 16 countries, with a total of 2,344 patents, of which 62% were core patents. Hu Xiaoming, CEO of Ant Financial, once said that in the next three years, 50,000 service providers will help 40 million service providers to complete the digital upgrade.
From these facts, we can see that Ant Financial has actually developed into a real technology company before its name change, so it is natural for Ant Financial to tear off the label of finance and change its name to Technology Group.
For this renaming, Ant Group responded that the renamed ant is still the ant, which only means that Ant Group will fully serve the needs of social and economic digital upgrading and provide services to global consumers and small and micro enterprises with technology.