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Alipay's "Dual Flywheel" Strategy Accelerates, with Two Operating Entities Completing Renaming
2 day ago /
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Author：小编
On September 19, information from the official website of the People's Bank of China Shanghai Branch revealed that Alipay's payment license-holding entity, Alipay (China) Network Technology Co., Ltd., has been renamed to Alipay Payment Technology Co., Ltd. Meanwhile, the operating entity of the Alipay App, Alipay (Hangzhou) Information Technology Co., Ltd., will also be renamed to Alipay (Hangzhou) Digital Service Technology Co., Ltd. Alipay stated that this change represents an upgrade in corporate governance by Ant Group, driven by the advancement of the 'Alipay Dual Flywheel' strategy.
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