China’s third-party payment industry has developed for less than 30 years, yet it has entered a period of rapid growth in terms of transaction volume, frequency, and diversity of payment methods, driven by the rise of e-commerce. As third-party payment becomes indispensable across a wide range of business scenarios, the industry is also facing increasing changes and challenges. In this evolving landscape, it is imperative for companies to respond to regulatory pressures and industry trends, assess internal and external resources, and formulate transformation strategies aligned with their long-term development to maintain sustainable competitive advantages. This paper takes Lakala as a case study to analyze its three strategic transformation stages—from convenient public services, to acquiring market expansion, to digital operational services. It reveals how Lakala enhances its competitiveness through product innovation, channel development, and ecosystem collaboration. The study explores the intrinsic relationship between strategic transformation and corporate competitiveness, offering insights for peer enterprises and contributing to both theoretical research and practical development in the industry.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 13, Issue 5) |
| DOI | 10.11648/j.ijefm.20251305.20 |
| Page(s) | 345-352 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2025. Published by Science Publishing Group |
Strategic Transformation, Competitiveness, Third-Party Payment, Lakala
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APA Style
Shuaina, C., Ke, G. (2025). Research on the Relationship Between Strategic Transformation and Competitiveness in the Third-Party Payment Enterprise. International Journal of Economics, Finance and Management Sciences, 13(5), 345-352. https://doi.org/10.11648/j.ijefm.20251305.20
ACS Style
Shuaina, C.; Ke, G. Research on the Relationship Between Strategic Transformation and Competitiveness in the Third-Party Payment Enterprise. Int. J. Econ. Finance Manag. Sci. 2025, 13(5), 345-352. doi: 10.11648/j.ijefm.20251305.20
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Download@article{10.11648/j.ijefm.20251305.20,
author = {Chi Shuaina and Gao Ke},
title = {Research on the Relationship Between Strategic Transformation and Competitiveness in the Third-Party Payment Enterprise
},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {13},
number = {5},
pages = {345-352},
doi = {10.11648/j.ijefm.20251305.20},
url = {https://doi.org/10.11648/j.ijefm.20251305.20},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20251305.20},
abstract = {China’s third-party payment industry has developed for less than 30 years, yet it has entered a period of rapid growth in terms of transaction volume, frequency, and diversity of payment methods, driven by the rise of e-commerce. As third-party payment becomes indispensable across a wide range of business scenarios, the industry is also facing increasing changes and challenges. In this evolving landscape, it is imperative for companies to respond to regulatory pressures and industry trends, assess internal and external resources, and formulate transformation strategies aligned with their long-term development to maintain sustainable competitive advantages. This paper takes Lakala as a case study to analyze its three strategic transformation stages—from convenient public services, to acquiring market expansion, to digital operational services. It reveals how Lakala enhances its competitiveness through product innovation, channel development, and ecosystem collaboration. The study explores the intrinsic relationship between strategic transformation and corporate competitiveness, offering insights for peer enterprises and contributing to both theoretical research and practical development in the industry.
},
year = {2025}
}
TY - JOUR T1 - Research on the Relationship Between Strategic Transformation and Competitiveness in the Third-Party Payment Enterprise AU - Chi Shuaina AU - Gao Ke Y1 - 2025/10/22 PY - 2025 N1 - https://doi.org/10.11648/j.ijefm.20251305.20 DO - 10.11648/j.ijefm.20251305.20 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 345 EP - 352 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20251305.20 AB - China’s third-party payment industry has developed for less than 30 years, yet it has entered a period of rapid growth in terms of transaction volume, frequency, and diversity of payment methods, driven by the rise of e-commerce. As third-party payment becomes indispensable across a wide range of business scenarios, the industry is also facing increasing changes and challenges. In this evolving landscape, it is imperative for companies to respond to regulatory pressures and industry trends, assess internal and external resources, and formulate transformation strategies aligned with their long-term development to maintain sustainable competitive advantages. This paper takes Lakala as a case study to analyze its three strategic transformation stages—from convenient public services, to acquiring market expansion, to digital operational services. It reveals how Lakala enhances its competitiveness through product innovation, channel development, and ecosystem collaboration. The study explores the intrinsic relationship between strategic transformation and corporate competitiveness, offering insights for peer enterprises and contributing to both theoretical research and practical development in the industry. VL - 13 IS - 5 ER -
Guanghua School of Management, Peking University, Beijing, China
Guanghua School of Management, Peking University, Beijing, China; Shandong Agricultural Development Credit Guarantee Co., Ltd, Jinan, China
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