全牌照支付机构付费通股东大换血，拼多多关联公司持股超八成

Core Insights - Pinduoduo has become the absolute controlling shareholder of Shanghai Paytong Information Service Co., Ltd. (Paytong) by increasing its stake from 50.012% to 80.52% [1][3] - The change in ownership also led to the exit of several shareholders, including UnionPay Business and Tianyi E-commerce, and a reduction in the number of management members [1][3] Company Changes - Paytong, established in May 2003, was one of the first third-party payment companies to obtain a payment license in China, alongside Alipay and Tenpay [2] - The business scope of Paytong has been redefined to include full licensing capabilities, covering internet payment, mobile phone payment, and bank card acquiring services [2][3] - The new shareholder structure consists of four entities: Easy Wing Information (80.52%), Shanghai Information Investment (18%), China Post Capital Management Co., Ltd. (0.7371%), and Shanghai Yitong International Co., Ltd. (0.7371%) [3] Industry Context - The value of existing payment licenses has increased since the People's Bank of China suspended the issuance of new licenses in 2016, making them essential for major internet companies [4] - Other internet companies, such as Kuaishou, Xiaomi, Meituan, and Didi, have also pursued payment licenses to enhance their operational capabilities [4] - Pinduoduo's acquisition of Paytong is seen as a strategic move to ensure compliance and reduce costs, particularly in light of regulatory scrutiny in the e-commerce sector [5]