Chinese fintech giant Ant Group appoints risk-control veteran as executive in consumer lending arm amid restructuring

• Qiao Zhanwen, a former risk strategy management executive at Ant’s microlending business, is now vice-president of Chongqing Ant Consumer Finance
• There has been increasing speculation that Ant, which abruptly cancelled its IPO in Shanghai and Hong Kong in 2020, is nearing the end of a long restructuring