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Ant Financial Services Group has appointed Simon Hu, former head of Alibaba Cloud, as its president, the latest follow-up in Alibaba’s organizational restructuring announced three days ago.

Anne Hillerman

Apart from fitness conditioning, Ash Dykes also learned Chinese and survival skills for the trek. [Photo provided to China Daily]

Apart from reducing leverage and liabilities, efforts should also be made for incremental economic benefits. According to Xiao, it is necessary to supplement equity capital through multiple channels to further enrich the capital. "This year, we will also revitalize assets, highlight the real economy and main business. In addition, we must strictly control various risks, especially overseas investment risks, to further reduce the debt ratio and total debt, and keep risks at the minimum level."

Apart from technological innovation, companies also continuously improved their quality to better meet market needs for diversified and differentiated products.