Alipay was fined 7.1 billion yuan. Why on earth were ants fined? What has Papa Ma done over the years
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There is big news in the financial industry again, and Ant Financial has been fined again. This time, multiple departments have jointly fined over 7 billion yuan
There is big news in the financial industry again, and Ant Financial has been fined again. This time, multiple departments have jointly fined over 7 billion yuan.

Adding in the last time's over 18 billion, it's gone even if it's less than 30 billion.
Although the Ma Yun family has a great cause, they cannot withstand such punishment.
The announcement was very official, and the ant's response was also firmly accepted, but many people still feel confused after reading it.
It's a bit confusing to see both fines for rectification and strong support.
Some people can't help but ask, what did Jack Ma's Ant Financial do to attract a fine of 7 billion yuan.
It should be said that 12 years ago, the business of Ma Yun and Ant Financial Services can be described as pioneering and expanding, and the Internet Financial innovation from Huabei, Jiebei and so on has the flavor of innovation to outer space.

Next, Ant Financial's miraculous operation completely stunned a group of pawnshop owners, making them think to the death that an ordinary company's IPO in their eyes could earn $4 trillion.
You should know that our total foreign exchange reserves were only close to $3 trillion when they reached their highest level.
Dad Ma is not only wealthy but also capable of reaching his country.
At this moment, the pawnshop owners realized that this was not a unicorn, but a huge financial empire. Ant Financial was a financial giant dressed in the guise of a technology company.
Recalling those Wall Street financial giants who are prone to making trouble, regulatory authorities have reacted.
It's just that pawnshop owners didn't pay attention to it, and their Financial innovation in their eyes almost lost their position.
In fact, if you pay a little attention to the history of the ant's rise, you can tell that it played a clever financial game, in which the ant played the word "leverage" with great fascination.

The leverage was originally intended for my own son, and I had to resort to it for the sake of financing convenience, but it was played to the extreme by the ant son.
Financing, debt collateral, refinancing, and debt collateral have been repeated multiple times, and this leverage has been added to a terrifying level.
Billions and billions of financial risks have emerged in this way.
Ants, on the other hand, use various policies to minimize their own risks.
In this way, if the financial risks of trillions or billions were to explode, only three billion would be hit by ants, and in the end, only a few million would be left on Ma's head.
And the toilet in Papa Ma's mansion is not only at this price.

What's even more embarrassing is that in this model, traditional financial institutions only have the job of working for ants.
From an ordinary gamer to a rulemaker, this behavior is intolerable.
Many of Ant's businesses are headquartered in Chongqing, and many of Ant's businesses have expanded from here to the whole country and even the world.
When the ants were racing all the way, many of them were stunned. Although they made a lot of money, they didn't dare to do it. However, after watching for a few years, they couldn't help but leave the scene.
To be fair, the Financial innovation of ants and latecomers has indeed facilitated our life. Many people do not know what kind of story is behind ants, nor do they know the bloodbath behind ants.
Ordinary people do not value who the banker is, but who they are will not be themselves.
This is precisely why ants are "regulated" and "punished", rather than banned.
Recently, it was reported that state-owned assets have entered Ant, accounting for nearly 10% of the shares. This indicates that Ant has also acquired the status of state-owned capital, and to some extent, it can be considered that you are already one of your own.
In recent years, Teacher Ma has stopped speaking and stopped speaking so much that he doesn't even show up much.

Lack of previous lofty aspirations and a few more silent moments.
I have to admit that the era belonging to Teacher Ma has come to an end.
When Jack Ma and Musk stand together, one emphasizes enterprising competition and the other emphasizes Tai Chi.
Both enterprising and Tai Chi have their own fates.
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