Taobao launched the first online consumer credit card. When Taobao makes online consumption through Alipay, consumers can pay directly from the credit card by entering the payment password, which reduces the time required for payment. The relevant person in charge of Taobao said that this tripartite cooperation is the first time that Taobao and Alipay have cooperated with banks to launch a one-card service in the credit card field. For Taobao users, cardholders will automatically become the highest-ranking diamond card members among Taobao VIP members, and they can enjoy special discounts from tens of thousands of boutique merchants on Taobao by binding Taobao ID. Cardholders can enjoy BOC credit card points regardless of online or offline consumption, and can also convert credit card points into Alipay points for redemption of gifts such as Alipay shopping vouchers. Jiang Lixin, an analyst at iResearch, believes that credit card consumption and online consumption are the mainstream trends in the current consumer market, and users have a strong demand for more convenient online consumption with credit cards. Alipay's innovation in credit card comics provides a new idea for promoting the development of credit card online consumption. Taobao online consumption credit card can be applied in China Bank, and cardholders are not restricted by a single 500 yuan when shopping in businesses that support large payment. I hope it will be adopted. Thank you.