Alipay's decision-making power is no longer controlled by a single natural person or organization, but by the company's own decision-making and operation.
The central bank's agreement to change Alipay to no actual controller means that Alipay is no longer controlled by a single natural person or organization, but is independently decided and operated by the company. If a certain owner owns a large amount of equity in the company and can decide the voting results of the shareholders' meeting, then the first owner is the actual controller of the company. However, Alipay's equity distribution is very scattered, and no one has enough equity to decide the voting results of the shareholders' meeting alone, so Alipay is a company without actual controllers. In this case, the company must elect the board of directors through a vote of all shareholders to ensure that the company's decision-making process is more fair and transparent. In the past, many companies may have made decisions that were not conducive to the long-term development of the company due to the influence of major shareholders or actual controllers. As one of the largest mobile payment platforms in China, Alipay's changes will help improve the fairness and transparency of its decision-making, laying a solid foundation for the company's long-term development.
Alipay's change of no actual controller will help improve the fairness and transparency of its decision-making, and lay a solid foundation for the company's long-term development, which is worthy of recognition.