On October 13, the People's Bank of China updated the licensing information for major matters of non-bank payment institutions, and agreed to change the company name of Shenzhen Xunlian Zhifu Network Co.

From March 2021, Huawei Holdings "Xunlian Zhifu" began, and then in October 2023, the People's Bank of China approved "Xunlian Zhifu" renamed "Petal Payment," in a short period of two and a half years, Huawei from the equity, to the registered trademark, and then to the name change, it can be said that the payment business from the inside out, completely into the bag, complete closed-loop.。