On September 19, 2025, according to the information displayed on the official website of the People's Bank of China Shanghai Branch, Alipay (China) Network Technology Co., Ltd., the payment - license - holding entity of Alipay, has officially changed its name to Alipay Payment Technology Co., Ltd. Simultaneously, Alipay (Hangzhou) Information Technology Co., Ltd., the operational entity of the Alipay App, is set to be renamed as Alipay (Hangzhou) Digital Service Technology Co., Ltd.

Alipay clarified that this renaming initiative represents a corporate governance upgrade move by Ant Group, driven by the progress of the 'Alipay Dual Flywheel' strategy. Following the renaming, Alipay Payment Technology Co., Ltd. will persist in concentrating on payment - technology innovations, including 'Tap and Pay' and 'AI Payment', with the aim of delivering top - notch payment services to customers. On the other hand, Alipay (Hangzhou) Digital Service Technology Co., Ltd. will ramp up its efforts in product technology research, development, and openness in the era of artificial intelligence, thereby facilitating the digital and intelligent transformation of China's service sector.