6 Internet finance tools in China
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Jack Ma, Chairman of Alibaba Group, speaks next to Pony Ma Huateng (R), Chairman and CEO of Tencent, and Ma Mingzhe, Chairman of Ping An Insurance (Group) Company of China, Ltd, at the launch ceremony of the Internet Financial Industry Forum and ZhongAn Online P&C Insurance Co at Fudan University in Shanghai, Nov 6, 2013. [File photo] |
No 5 Internet insurance
ZhongAn Online P&C Insurance Co, the country's first online insurance company was launched last year. With registered capital of 1 billion yuan ($164 million) and its headquarters in Shanghai, ZhongAn's shareholders include China's top e-commerce company Alibaba Group Holding Ltd and the country's largest Internet firm, Tencent Holdings Ltd, as well as the world's second-largest insurer, Ping An Insurance (Group) Co of China Ltd.
