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

What Payfi touches upon is nothing but the core logic of business, which is to further enhance matching efficiency. It matches the traditional financial system with the new system, matches new types of merchants with buyers, and matches global markets with local markets.

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

The globalization of capital flows and the globalization of assets, under the conditions of trade wars and a more fragmented landscape, will see the digital world further strive for its own space. No one knows the answers to the future, but what I believe is that this can only be driven by relentless cost compression to force the market, and by keen sensitivity to build our own survival space. Such a company can of course be AI-native, but it can also be Crypto-native. It's just that we are still focused on the present or stuck in past narratives; the real battlefield is not in these places at all.