yes. In fact, this is not the acquisition of shares, but in order to better develop the third payment platform in China, our country has specially established a network link, which is an extension of UnionPay, and UnionPay took a fancy to the cashless payment market at that time and developed it.

development history of AliPay

1. In September, 216, it was announced that Alipay would charge .1% service fee for individual users who exceeded the free withdrawal quota from October 12, 216, and each individual user would enjoy a basic free withdrawal quota of 2, yuan. On November 1st, 216, Alipay entered the Apple App Store. Users in Chinese mainland can already see Alipay's participation in the App Store in terms of payment methods and recharge, which can be used to purchase applications, recharge accounts, or pay for subscription services such as Apple Music.

2. On the afternoon of November 27th, 216, following the "high-end single dating circle", Alipay launched "white-collar diary" and "campus diary" on a small scale. This function is still in the gray level test stage. On November 29th, 216, Peng Lei, the chairman of Ant Financial, Alipay's parent company, issued an internal letter apologizing for the recent controversy caused by Alipay's "Campus Diary" and posted on the intranet: Never blame others for what you have done wrong!

On December 6th, Alipay announced that it had signed cooperation agreements with four European financial services institutions to provide services to China consumers who travel overseas. This move is expected to expand the number of cooperative retail stores of Alipay abroad by nearly nine times. On December 23, 216, Alipay launched Alipay version 1., which brought the gameplay of Alipay AR real Alipay red envelope. On January 3, 217, Alipay launched a public welfare account, and the public welfare footprint and love "assets" of every ordinary user can be recorded and inquired. On January 5, 217, Alipay launched the 216 personal annual bill. On May 24, 217, Alipay announced the launch of the Hong Kong version of e-wallet, Alipay HK, which officially provided cashless services for Hong Kong residents. After the launch of the Hong Kong version of Alipay, all Hong Kong residents can use Alipay by binding the credit card of a local bank in Hong Kong or recharging the balance, and pay directly in Hong Kong dollars.