Ant Technology Group Co., Ltd. started from Alipay and was established in 2004. 20 13 March, Alipay's parent company announced that it would build a micro-finance service group with it as the main body, and micro-finance became the predecessor of Ant Financial. In July 2020, Ant Financial was officially renamed Ant Group.
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Alipay, a subsidiary of Ant Financial, is a life platform based on everyone's real name and trust. From its establishment in 2004 to the end of 20 15, Alipay has reached cooperation with more than 200 financial institutions to provide payment services for nearly 10 million small and micro businesses, and the expanded service scenarios are also increasing. Over the years, Alipay has been loved by more users. By the end of 20 15, it had more than 400 million real-name users and provided more than 4,000 comprehensive services to 370 cities.
Alipay's accumulated business ability and excellent technical ability for many years have also provided good support for other businesses of Ant Financial. The success rate of Ant Flower Garden, a worry-free payment tool under Ant Financial, reached 99.99%. In terms of financial management, by the end of 20 15, the number of users of Yu 'ebao under Ant Financial has exceeded 260 million, bringing users nearly 50 billion yuan in revenue.
Ant Financial Co., Ltd. cooperated with insurance companies to return freight insurance, with cumulative users exceeding 3 1 10,000, and cumulative users of account security insurance exceeding10.20 billion. From 20 10 to the end of 20 15, Ant Financial has provided loans totaling more than 600 billion yuan to more than 2.7 million small and micro operators over the past five years.
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