U.S. markets open in 3 hours 26 minutes

Alibaba's Ant Group appoints new chief technology officer

BEIJING (Reuters) - Alibaba Group's fintech arm Ant Group, operator of Alipay, has appointed Ni Xingjun as its new chief technology officer, the company said in a statement to Reuters.

Ni is one of the company's earliest achitects, and his predecessor, Hu Xi, will move to a new appointment, the firm added, without giving details.

(This story corrects paragraph 1 name of new official to Ni Xingjun)

(Reporting by Yingzhi Yang in Beijing and Brenda Goh in Shanghai; Editing by Clarence Fernandez)