Alipay has changed to no actual controller, and is no longer directly affected by any single shareholder, and its decision-making is more independent and transparent.
According to the information publicity on the official website of the central bank, the central bank issued the No. 189 document of the bank's approval decision, agreeing to the change of Alipay's network technology to no actual controller. This change undoubtedly lays a more solid foundation for Alipay's development, removes potential risk factors, and enables it to better cope with future challenges.
Until then, Alipay had been under the de facto control of Alibaba, the Chinese internet giant. However, as China** becomes increasingly regulated on the fintech industry, Alipay needs a more independent position to meet the challenges ahead. After this change, Alipay will no longer be directly affected by any single shareholder, which will help improve the independence and transparency of its decision-making.
For consumers and merchants, this change in Alipay also means a more reliable service and a more stable platform.
Alipay is an indispensable part of our daily life, and every change in it touches our hearts. Let's look forward to more surprises that Alipay can bring us in the future development.