对此，网商银行相关负责人回应北京商报记者，2015年，网商银行获批成立后，逐步承接了阿里小贷全 部业务。科技发展使得中国小微信贷可得率大幅提升，网商银行创新推出"310"信贷模式，并将服务从 电商拓展到线下的小微经营者。成立10年来，网商银行累计已为超过6800万小微经营者提供综合金融服 务。 作为网商银行成立前的过渡公司，阿里小贷近几年已无实际业务运营，因此注销该公司无实质影响。完 成注销后，也标志着为解决电商中小卖家贷款难问题的阿里小贷已完成使命，在监管指导下退出历史舞 台。 公开资料显示，阿里小贷成立于2010年3月25日，由阿里巴巴集团联合外部股东发起成立，主营业务为 面向电商商家提供小额贷款服务。 北京商报讯（记者 刘四红）10月22日，北京商报记者注意到，据国家企业信用信息公示系统，浙江阿 里巴巴小额贷款股份有限公司（以下简称"阿里小贷"）已于10月17日正式完成注销。该小贷公司为网商 银行前身，其业务此前已均由网商银行承接。 ...

阿里小贷大事记： 2010年3月，阿里小贷成立 2015年，网商银行获批成立后，逐步承接了阿里小贷全部业务。科技发展使得中国小微信贷可得率大幅 提升，网商银行创新推出"310"信贷模式，并将服务从电商拓展到线下的小微经营者。成立10年来，网 商银行累计已为超过6800万小微经营者提供综合金融服务。 作为网商银行成立前的过渡公司，阿里小贷近几年已无实际业务运营，因此注销该公司无实质影响。完 成注销后，也标志着为解决电商中小卖家贷款难问题的阿里小贷已完成使命，在监管指导下退出历史舞 台。 据国家企业信用信息公示系统显示，浙江阿里巴巴小额贷款股份有限公司（下称"阿里小贷"）已于10月 17日正式完成注销。该小贷公司为网商银行前身，其业务此前已均由网商银行承接。 公开资料显示，阿里小贷成立于2010年3月25日，由阿里巴巴集团联合外部股东发起成立，主营业务为 面向电商商家提供小额贷款服务。 2015年6月，网商银行开业，逐步承接阿里小贷业务 2025年10月，阿里小贷完成注销 2022年11月，阿里小贷已无实际业务运营，获监管批复退出小贷试点 2024年2月，阿里小贷公告注销 ...

Core Viewpoint - Huolala has initiated its fifth attempt for an IPO in Hong Kong amidst various expectations and skepticism, facing ongoing questions about its business model and long-term growth potential [1][4]. Group 1: IPO Attempts and Challenges - Huolala has made multiple attempts to list on the Hong Kong Stock Exchange, with applications submitted on March 28, 2023, September 28, 2023, April 2, 2024, and October 2, 2024 [1][4]. - The company has faced scrutiny from the Hong Kong Stock Exchange regarding its profitability, high commission rates for drivers, and the founder's history of cashing out shares [1][4]. - Despite having prominent underwriters like Goldman Sachs, Bank of America, and JPMorgan, the uncertainties surrounding Huolala's IPO remain significant [1][4]. Group 2: Financial Performance - In 2024, Huolala reported revenue of $1.593 billion, a year-on-year increase of 19.39%, and an adjusted net profit of $501 million, marking two consecutive years of profitability [6]. - The platform's average monthly active merchants reached approximately 16.7 million, while the average monthly active drivers stood at around 1.7 million [6]. - Over the past three years, the number of global orders processed by Huolala grew from 428 million to 779 million, reflecting a compound annual growth rate of 35% [6]. Group 3: Valuation and Market Position - Huolala's valuation has significantly declined, dropping from $90 billion in 2023 to $65 billion in 2024, returning to its 2021 valuation level [6]. - The company ranked 30th in the 2023 Hurun Global Unicorn List but fell to 64th in 2024 due to this valuation drop [6]. - Competitors like Kuaigou Dache and Manbang Group have successfully completed their IPOs, highlighting Huolala's lag in capital market performance [6]. Group 4: Driver Relations and Regulatory Issues - Huolala has faced criticism for high commission rates and alleged exploitation of drivers, leading to multiple regulatory inquiries and protests from drivers [7][9]. - The company has been subject to over a dozen regulatory discussions from 2021 to 2023, addressing issues such as pricing rules and commission rates [9][10]. - Recent adjustments to commission rates and membership fees have been made in response to regulatory pressure, with non-member commission rates reduced to 15% [10]. Group 5: Strategic Outlook - For Huolala, establishing a healthy relationship among drivers, users, and the platform is crucial for sustainable growth [11]. - The upcoming IPO represents not only a financing opportunity but also a chance for brand enhancement and strategic transformation [11]. - Key challenges include improving monetization efficiency, service quality, and expanding international operations to identify new growth avenues [11].