Alipay is a brand of Alipay (China) Network Technology Co., Ltd., which has two independent brands: Alipay and Alipay Wallet. In the second quarter of 2014, it became the world's largest mobile payment vendor and a leading third-party payment platform in China.
Alipay, since its launch, has won popularity and is very popular. It has quickly occupied the Chinese payment market and become the leader of third-party payment. However, in the face of the development of Alipay, Yang Ma and the major banks are not only jealous, but also repeatedly issued new rules to suppress, but Alipay is still strong and persevering to survive, and its balance treasure has become the world's first money fund. At the same time, some people have raised the conjecture: Will Alipay be bankrupt?
To answer this question, let us first understand a noun—bankruptcy.
Definition of bankruptcy
Bankruptcy is a legal process that declares the debtor’s inability to pay the debt and the subsequent chain repayment to the creditor. It means that when the debtor’s entire assets are unable to pay off the debts due, the creditors will use the legal procedures to provide the debtor’s entire assets for an average compensation, thereby exempting the debtor from other debts that cannot be settled. In most cases, bankruptcy refers to a corporate behavior and economic behavior. But people are sometimes used to stop an individual or a company from continuing to operate, which is also called bankruptcy.