Is there any cooperation between lulian and Guofubao?
There is no cooperation between Chain Home and Guofubao. PAYC refers to the collaborative service ecosystem enjoyed by * * * data in the Internet of Things. Payc is committed to building an innovative future digital encryption economic service ecosystem, adhering to the concept of safety, convenience, fluency and openness, providing revolutionary distributed digital big data collaborative services to people all over the world, and helping developing countries build a new generation of industrial chain and value chain infrastructure, thus becoming the most respected digital encryption economic ecosystem. Guofubao Information Technology Co., Ltd. is a third-party payment institution approved by the People's Bank of China to provide payment services in the China market. On September 30th, 20 19, the People's Bank of China approved the application of PayPal to acquire the equity of Guofubao, and completed the acquisition of 70% equity of Guofubao on February 30th, 20 19. In May 2022, according to the Securities Daily, the first wholly foreign-owned third-party payment institution was renamed. According to Tianyancha information, Guofubao Information Technology Co., Ltd. changed its business information, and its enterprise name was changed to PayPal Payment (Beijing) Co., Ltd.