About Ant Group Co., Ltd. Company

Ant Group is the parent company of Alipay, the largest mobile payment platform in China. It is also the world's leading fintech open platform. It is committed to using technology to promote the digital upgrading of modern global service industries, including financial services, and to work with partners to provide inclusive, green, and sustainable services to consumers and small and micro enterprises, bringing small but beautiful changes to the world. From PC interconnection to mobile interconnection, to smart interconnection, Alipay, which was born in 2004, continues to innovate, open up “no man's land,” and is working together to lead the world in electronic payments in China. With the major trend of digital upgrading of China's service industry, Alipay has grown from a payment tool to a well-known one-stop lifestyle service platform. Currently, Alipay and digital wallet partners jointly serve around 1.3 billion users around the world. Alipay is building a digital lifestyle platform and helping to digitally upgrade the service industry through continuous openness and helping partners upgrade. Yubao is a small decentralized cash management tool launched by Ant Group. Users can buy monetary funds and enjoy the benefits of the monetary fund by transferring funds to Alipay. Funds transferred to Yubao can not only obtain benefits, but can also be used and paid at any time, which is flexible and convenient, so that users can make money and spend money at the same time. Huabei is a “spend first, pay later” consumer credit product owned by Ant Group. At the time of purchase, users can use the Huabei credit to enjoy up to 40 days of deferred payment or up to 12 installment repayment experiences. Huabei is characterized by inclusiveness and small dispersion, mainly serving ordinary people's small “food, clothing, lodging, and travel” expenses. “Mutual Pay” is a mutual aid program for major illnesses on the Alipay app. Alipay users can join themselves and their families if they meet health requirements and pass a comprehensive credit assessment. After joining, if you are unlucky enough to have a major illness (the coverage includes 99 major diseases and malignant tumors), you can apply for mutual aid of up to 0.3 million for disease treatment and later rehabilitation; the expenses are shared by all participating members, which is equivalent to “one person gets sick, everyone pays”. The characteristics of mutual benefit and mutual assistance and inclusiveness allow people with major illness protection needs to gather together to help each other. A year after launch, more than 100 million people have joined. The Internet Merchant Bank was one of the first private banks to be piloted in China, and the first Internet bank with no branches and all of its core systems deployed on the financial cloud. Online merchant banks focus on serving small and micro enterprises, and pioneered the 310 loan model based on technology, which enables 3 minute applications, 1 second loan, and zero manual intervention throughout the process. Established over 5 years ago, it has served over 29 million small and micro enterprises. Sesame Credit provides users with credit services in 40 industries. Users can use various services such as credit purchases, credit leases, and credit stays. Up to now, Sesame has helped users get rid of deposits of more than 100 billion yuan.