In a future where zero-sum games are increasingly difficult to maintain, the ticket to the new era depends on who can own users and continuously retain their support.

What Payfi touches upon is nothing but the core logic of business, which is to further improve matching efficiency. Matching traditional financial systems with new systems, matching new types of merchants with buyers, matching global markets with local markets.

In this context, the only thing we need to think about is the word "globalization". The current leaders are Shein and Temu, winning through product flow. Our future may lie in further creating our own space in terms of capital flow and information flow.

The globalization of capital flow, the globalization of assets, in the context of trade wars and a more fragmented landscape, the digital world will further strive for its own space. No one knows the answer to the future, but what I believe is that this can only be forced upon the market through relentless cost compression, and by building our own survival space through keen instincts. Such a business can certainly be AI-native, but it can also be Crypto-native. It's just that we are all still focused on the present, or stuck in past narrative logic, while the real battlefield is not in these areas at all.