The Internet's demand for finance stems from the e-commerce demand for transactions. In early 2003, Taobao launched the "secured transaction" model to solve the problem of e-commerce credit and reduce the transaction risk Taiwan Phone Number List of online shopping. The "secured transaction" was named Alipay and operated independently from Taobao in 2004. Tencent's Taiwan Phone Number List payment company Tenpay was established in 2005. In 2009, the size of China's Internet payment market exceeded 500 billion yuan, various companies emerged, and chaos such as misappropriation of funds, illegal cash out, and money laundering also began to emerge. In order to regulate the industry order, the central bank established a third-party payment license in 2010. Since then, non-bank payment Taiwan Phone Number List business including online payment has been included in the regulatory system. Since May 2011, the central bank has approved a total of 271 companies to obtain payment licenses; after Taiwan Phone Number List March 2015, payment licenses have been stopped. In the Internet scenario, the purpose of payment is to improve the business closed-loop. In addition to data security considerations, data mining and user life cycle management are also inseparable from payment. Internet payment is the starting point of Internet finance and the moat of Internet finance. After the central bank stopped issuing licenses, the only way to obtain licenses paid by third parties was acquisition, and the price of paying licenses also rose. In 2016, the price of Meituan’s acquisition of a payment license with a bank Taiwan Phone Number List card acquiring business reached 1.35 billion yuan; in 2017, Didi’s acquisition of an Internet payment business license was priced at 300 million yuan, while the highest price of the license was 3 billion yuan in 2016. Meta-merger Taiwan Phone Number List synergy advantage. Payment licenses have become the "standard" for large Internet companies, and industry upstarts such as ByteDance, Pinduoduo, and Kuaishou are also actively seeking a payment license through direct or indirect methods.

This is actually the fundamental reason why leading Internet companies continue to deploy new technologies for self-innovation. No matter which technology branch it is in, we can see the competition between the top companies and the competition. Starting from big data and cloud computing, now, the extension of new technologies has already extended to new technologies represented by artificial intelligence, blockchain and quantum computing, and, with the maturity and completeness of new technologies, the scenarios of landing and application start to become more and more. Recommendation systems based on big data algorithms, logistics systems based on artificial intelligence, food traceability technology based on Fax List blockchain technology and many other applications have begun to spread in all aspects of people's production and life. Originally lifeless sketches have turned into shining landscape paintings. Unlike the consumer Internet era, which is dominated by the transformation of the consumer behavior and habits of C-end users, in the industrial Internet era, players are more concerned about the changes in the production behavior and production methods of the B-end. It seems that as long as the target object is moved from the C side to the B side, not many other changes are required. Therefore, under the influence of inertial thinking in the era of consumer Internet, players of the industrial Internet began to focus more and more on the new continent represented by B-end users. Meng Yonghui, WeChat public account: menglaoshi007, everyone is a product manager columnist. Senior Writer, Contributing Commentator, Industry Research Expert. He has been focusing on industry research for a long time, and has published more than 4 million words of financial science and technology articles.