Finance
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Robin Li Announces Baidu Management Shake-up: Haijian He Joins as CFO
Baidu founder Robin Li announced a leadership shake-up, appointing He Haijian as the new CFO and Jackson He to head HR and Administration. Cui Shanshan will focus on her role as Secretary-General of the Culture Committee. He Haijian brings extensive financial experience from Kingsoft Cloud and major financial institutions.
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Alipay’s Huabei Launches Innovative “Certificate-Based Credit Limit Increase” Program, Accepting 1,000 Professional Certificates
Huabei, Ant Group’s consumer credit arm, launched “Little Red Flower,” allowing users to potentially increase their credit limits by submitting over 1,000 types of certifications, including professional, vocational, and even informal credentials. This AI-powered feature analyzes credentials with high accuracy and rewards users for demonstrating skills, resulting in lower delinquency rates among participants. The initiative aims to expand credit assessments beyond traditional metrics, fostering financial health and promoting responsible financial behavior.
