The central bank has agreed to change Alipay (China) to no actual controller
Editor: Zhang Jinhe
According to the official website of the central bank, recently, the central bank issued the Yinxu Zhuzhu Decision [2023] No. 189 document, agreeing to change Alipay (China) Network Technology Co., Ltd. to no actual controller.

Tianyancha shows that Alipay (China) Network Technology Co., Ltd. (formerly known as Zhejiang Alipay Network Technology Co., Ltd.), founded in 2004 and located in Shanghai, is an enterprise mainly engaged in Internet and related services. The registered capital of the enterprise is 1500000 yuan, and the paid-in capital is 1500000 yuan.
At present, Ant Technology Group Co., Ltd. holds 100% of its shares.
On January 7, 2023, Ant Technology Group Co., Ltd. (hereinafter referred to as "Ant Group") released an announcement on the continuous improvement of corporate governance on its official website.
According to the announcement, relevant members of Ant Group's management will no longer serve as partners of Alibaba, further enhancing the transparency and effectiveness of corporate governance and strengthening isolation from shareholder Alibaba Group.
On the other hand, the matter of restructuring the upper level of shareholders has attracted considerable attention. The core change is that from Jack Ma and his concerted actors jointly exercising share voting rights to 10 natural persons, including Ant Group's management, employee representatives and founder Jack Ma, independently exercising share voting rights, this will lead to a significant reduction in the voting rights held by Jack Ma from 53.46% to 6.208%, and Jack Ma will no longer be the actual controller of Ant Group.
Alibaba announced on the Hong Kong Stock Exchange on the evening of January 8 that Ant Group announced a change in the voting structure of major shareholders, after the change, Jack Ma will no longer control the majority voting rights of Ant Group held by Junhan and Junao, Junhan and Junao will be controlled by different general partner entities, and neither general partner entity is controlled by any single person, Alibaba Group's equity in Ant Group remains unchanged, and Alibaba Group or any other shareholder does not control Ant Group.
According to the official website of Ant Group, Alipay (China) Network Technology Co., Ltd. has been committed to the construction and development of an open digital payment platform since 2004, and obtained the first batch of "Payment Business License" issued by the People's Bank of China in May 2011.
As of the close of Hong Kong stocks on Friday, Alibaba (HK9988) share price was HK$75.6, down 0.33%, with the latest market value of HK$1.5 trillion.
The daily economic news is synthesized from the official website of the central bank, Tianyancha, and the official website of Ant Group
Disclaimer: The content of this article is for informational purposes only and does not constitute investment advice. Investors act accordingly at their own risk.
National Business Daily