Core Viewpoint - The article highlights the strategic importance of payment licenses for internet companies, as several platforms, including Xiaohongshu and Tongcheng Travel, are actively acquiring payment companies to enhance their financial ecosystems and comply with regulatory requirements [1][3][5]. Group 1: Xiaohongshu's Acquisition - Xiaohongshu's subsidiary, Ningzhi Information Technology, has become the 100% controlling shareholder of Oriental Payment, allowing Xiaohongshu to obtain a payment license [1][2]. - The acquisition was swift, with Oriental Payment's valuation estimated at approximately 1.48 billion yuan, and its registered capital increased to 200 million yuan post-acquisition [2][3]. - This move is seen as a strategic signal of Xiaohongshu's commitment to enhancing its payment capabilities and operational efficiency in various business scenarios [2][3]. Group 2: Industry Trends - Other internet companies, such as Tongcheng Travel and Bilibili, are also making moves in the payment sector, with Tongcheng acquiring Newborn Payment and Bilibili missing out on a payment license acquisition [3][4]. - The acquisition of Newborn Payment by Tongcheng Travel involved a capital increase from 100 million yuan to 330 million yuan, indicating a significant investment in payment infrastructure [4]. - The article notes that the payment license market has seen a decline in prices compared to previous years, with the number of licensed payment institutions decreasing due to regulatory changes [5][6]. Group 3: Regulatory Environment - The current regulatory landscape emphasizes the need for internet platforms to hold payment licenses to reduce transaction costs and enhance data control [3][5]. - The implementation of new regulations has led to the cancellation of 11 payment licenses this year, with a total of 107 licenses revoked, resulting in a reduced number of licensed payment institutions to 164 [5][6]. - The article suggests that as internet platforms expand their financial services, they will face increased compliance requirements and potential systemic risks [6].