1, Alipay is the business of Ant Technology Group Co., Ltd., which was established in 2004 and developed on 19. It is an open platform for third-party payment in China. It is mainly operated by Alipay (China) Network Technology Co., Ltd. and Alipay (Hangzhou) Information Technology Co., Ltd., providing products and service interfaces for digital service providers and helping businesses to operate digitally. At present, more than 3 million small businesses have settled in Alipay app.

2. On March 7, 2024, the General Office of the State Council issued the Opinions of the General Office of the State Council on Further Optimizing Payment Services and Improving Payment Convenience, which put forward a number of requirements for optimizing payment services. On the evening of March 7th, Alipay announced that it was actively responding to the relevant decision-making arrangements of the CPC Central Committee and the State Council, and under the support and guidance of the People's Bank of China and the foreign exchange bureau, it was solidly promoting the implementation of various measures to continuously optimize the payment services for the elderly and foreigners in China.