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Regulator confirms Alipay's independence, China's central bank declares

Alipay China Ant Group
China's central bank acknowledges that Alipay, owned by Ant Group, has no controller.

Ladies and gentlemen, gather round for a tale of innovation, cooperation, and a touch of regulatory clarity in the world of finance. Today, we delve into the fascinating realm of China's central bank and its recent decision regarding Ant Group's Alipay. Brace yourselves for a story that will leave you in awe!

In a momentous turn of events, the Chinese central bank has pronounced that Ant Group's Alipay has no controller. Now you may be wondering, what on earth does that mean? Allow me to unravel this enigma for you.

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