BABA(US:BABA) YOUNG财经 漾财经·2025-10-22 09:40Core Viewpoint - Alibaba's small loan company, Alibaba Small Loan Co., has officially completed its deregistration, with its business now fully taken over by Mybank [2][4]. Group 1: Company Background - Alibaba Small Loan was established on March 25, 2010, by Alibaba Group in collaboration with external shareholders such as Fosun Group, Intime Group, and Wanxiang Group, primarily providing small loan services to e-commerce merchants [3]. - It was the first company approved to conduct small loan business nationwide [3]. Group 2: Business Transition - Initially, Alibaba Small Loan operated various financing products like "Taobao Loan" and "Tmall Order Loan." However, after the establishment of Mybank in 2015, it gradually transferred all its business operations to Mybank [4]. - By November 2022, Alibaba Small Loan ceased all actual business operations and received regulatory approval to exit the small loan pilot program [4]. Group 3: Regulatory Changes - In February 2024, Alibaba Small Loan announced the establishment of a liquidation team, officially entering the deregistration process [4]. - Other small loan licenses associated with Alibaba, such as Chongqing Alibaba Small Loan Co. and Chongqing Alibaba Micro Small Loan Co., have also transitioned to Ant Group's consumer finance operations, with both companies officially deregistered by December of the previous year [4]. Group 4: Financial Performance of Mybank - Mybank reported a revenue of 10.005 billion yuan for the first half of 2025, remaining stable compared to the previous year, while net profit increased by 41.86% to 2.047 billion yuan [5]. - Over its 10 years of operation, Mybank has provided comprehensive financial services to over 68 million small and micro business operators [5].