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Alipay was liberated from Jack Ma's de facto control and became a company without an actual controller, which in turn was seen as a kind of public infrastructure. This change transforms Alipay into the property of "everyone", thus ensuring that the funds in Alipay are more secure, as if they were stored in a traditional bank. Under the control model without the actual controller, Alipay's management decisions will be more fair and just, and more in line with the transparency, compliance and risk prevention of the law, so as to ensure the safety of users' funds.
Alipay's role as a public infrastructure means that it will take on more regulatory and compliance requirements. Alipay, which operates under the supervision and support of the central bank, will be more stable and secure, in line with the needs of national strategic development. More cooperation with other financial institutions will also further enhance Alipay's operational stability and security. The democratic governance model of enterprises without actual controllers will further protect the interests of consumers. This change is also a prevention of potential future risks, especially in the financial sector.
Alipay's change means that the funds are safer, which further ensures the safety and stability of the funds. Unlike the previous model of personal control, Alipay, which has no actual controller, will improve the security of its funds through a democratic governance model.
First of all, Alipay, as a public infrastructure, will usher in more regulatory and compliance requirements. The supervision and support of the central bank will help Alipay establish a more stable operating system and risk prevention mechanism, so as to ensure the safety of user funds.
Secondly, and more importantly, Alipay, which has no actual controller, will achieve fairness and impartiality in decision-making through a democratic decision-making mechanism. No single entity can decide on Alipay's major matters on its own, and no one person can control the direction of the company's business alone. This decentralization and democratization of control makes Alipay's decision-making more fair and more conducive to the protection of users' interests.
In addition, the non-actual controller model can also prepare Alipay to deal with potential risks. Financial risks have a significant impact on the vast majority of people, and Alipay, as a financial platform, is related to the vital interests of the people in terms of its security and stability. The change in the mode of no actual controller can bring Alipay's operation and decision-making process into democratic governance, which will help promote Alipay to establish a more stable, safe and low-risk business mode and provide consumers with more reliable financial services.
Alipay's change marks its role as more of a public infrastructure. As a public infrastructure, Alipay's operations will be subject to more regulatory and compliance requirements to ensure the stability and development of the financial market. The supervision and support of the central bank will help Alipay establish a more stable, safe and reliable operating system and promote the healthy development of the financial industry.
Treating Alipay as a public infrastructure will also facilitate Alipay's cooperation with other financial institutions. As a popular payment platform, Alipay's cooperation with other financial institutions will further improve the payment ecosystem and improve the user's experience and service quality. This cooperation model will help jointly promote the development of financial technology and provide users with more convenient, safe and efficient financial services.
Under the influence of the absence of an actual controller, Alipay's operations will also undergo some changes. As a public infrastructure, Alipay will pay more attention to fair competition and the protection of users' rights and interests. The democratic governance mechanism will ensure the transparency and fairness of Alipay's decision-making process, and better serve the majority of users and the public.
Behind the change of the absence of actual controllers reflects the control requirements of national policies on payment platforms. The national policy prohibits foreign capital from controlling payment platforms, which is the need of national strategic development and the exploration and attempt of the future development of the financial industry. Alipay's non-actual controller model is in line with the requirements of national policies and more in line with the needs of national strategic development.
The shift from individual control to co-governance means that Alipay has entered a more public, safe and robust management model. Although this model may reduce the efficiency of decision-making, it brings a transparent, stable and low-risk business model that is good for Alipay and ordinary consumers. Alipay, which has no actual controller, will pay more attention to fair competition, pay more attention to the protection of users' rights and interests, and promote the healthy development of the financial industry.
Alipay's transformation from Jack Ma's Alipay to "everyone's" Alipay means that it has become more public, safe and robust. This change is not only an active exploration of Alipay's future development, but also an exploration and attempt for the future development of the financial industry. Alipay, which has no actual controller, is more in line with the national strategic needs and is more conducive to the protection of the interests of ordinary consumers.
To sum up, after Alipay is liberated from Jack Ma's ownership category and becomes a public infrastructure, it not only means that Alipay will become the property of "everyone", but more importantly, the money in Alipay will be more secure, as if it were placed in a traditional bank. After the reform, Alipay will assume more regulatory and compliance requirements, achieve fairness and justice in decision-making through a democratic governance model, and improve the security and robustness of Alipay. This change is in line with the requirements of national policies and is also an inevitable trend for Alipay's future development. Alipay's changes will drive the development of fintech and provide users with better financial services.
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