Yes, Alibaba participated in the establishment of MyBank as a major shareholder, which is currently one of the five private banks in my country.

Alibaba Network Technology Co., Ltd. (hereinafter referred to as Alibaba Group) was founded in Hangzhou, China in 1999 by 18 people led by Jack Ma, who used to be an English teacher. They believe that the Internet can create a fair competitive environment, allowing small businesses to expand their businesses through innovation and technology, and be in a better position when participating in domestic or global market competition. Alibaba Group operates multiple businesses and also obtains support from the businesses and services of its affiliated companies in operating a business ecosystem. The businesses and businesses of its affiliated companies include: Taobao, Tmall, Juhuasuan, AliExpress, Alibaba International Trading Market, 1688, Alimama, Alibaba Cloud, Ant Financial, Cainiao Network, etc.

On June 25, 2015, MyBank, backed by Ant Financial under Alibaba, officially opened as one of the first five private banks in China. Ma Yun said that the slogan of MyBank is "caring for every need", and he dreams that MyBank will be able to serve 10 million enterprises in the next five years.

For MyBank Zhejiang, the approval shows that Zhejiang Ant Microfinance Services Group Co., Ltd. subscribed to 30% of the bank's total share capital; Shanghai Fosun Industrial Technology Development Co., Ltd. subscribed to 25% of the bank's total share capital; Wanxiang Sannong Group Co., Ltd. subscribed to 18% of the bank's total share capital; Ningbo Jinrun Asset Management Co., Ltd. subscribed to 16% of the bank's total share capital. The shareholder qualifications of other enterprises whose subscribed shares account for less than 10% of the total share capital will be reviewed by the Zhejiang Banking Regulatory Bureau in accordance with relevant laws and regulations. Among them, Jinzi Ham (002515) holds 3% of the shares of MyBank Zhejiang.