Ant Group is the parent company of Alipay, the largest mobile payment platform in China. It is also the world's leading open financial technology platform. It is committed to using technology to promote the digital upgrading of the global modern service industry, including the financial services industry, 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 launched in 2004, continues to innovate, open up “no man's land”, and is working together to promote China's electronic payments to lead the world. With the major trend of digital upgrading of China's service industry, Alipay has grown from a payment instrument to a well-known one-stop lifestyle service platform. Currently, Alipay and digital wallet partners jointly serve about 1.3 billion users around the world. By continuing to open up and help partners upgrade, Alipay is building a digital lifestyle platform to help the digital upgrade of the service industry. Yubao is a small decentralized cash management tool launched by Ant Group. When users transfer funds to Yubao, they can buy monetary funds and enjoy the income of the IMF. Funds transferred to Yubao can not only receive income, but can also be spent and paid at any time. It is flexible and convenient, so that users can make money while spending money. Huabei is a “spend first, repay later” consumer credit product under Ant Group. When spending, users can use Huabei's credit to enjoy up to 40 days of deferred repayment or up to 12 installment payments. Huabei is characterized by inclusiveness and small dispersion, which mainly serves the small “food, clothing, lodging, and travel” consumption of ordinary people. “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 evaluation. After enrolment, if you unfortunately encounter a major illness (coverage includes 99 types of major diseases and malignant tumors), you can apply for a mutual aid fund of up to 300,000 for disease treatment and later rehabilitation; the expenses are shared among all participating members, which is equivalent to “one person getting sick, everyone pays”. The characteristics of mutual benefit and inclusiveness have brought people in need of protection for major illnesses together to help each other. One year after it went live, more than 100 million people have joined. Internet merchant banks are one of the first private banks to be piloted in China. They are also the first Internet banks without branches and with all of their core systems deployed on the financial cloud. Online merchant banks focus on serving small and micro enterprises and pioneered a loan 310 model based on technology, which achieved a 3-minute application, 1-second loan, and zero manual intervention throughout the process. Established more than 5 years ago, it has served more than 29 million small and micro enterprises. Sesame Credit provides credit services to users 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.
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