Ant Group has become the most valuable financial technology enterprise in China with a value of 2.1 trillion yuan. Credit Suisse expects Ant’s revenue to grow at 34% CAGR from 2019-2022e with digital fintech services as the key driver.
Founded in 2013 and headquartered in Shanghai, ZhongAn Online P&C Insurance Co. Ltd. is a Chinese online-only insurance company.
ZhongAn's chairman and executive director is Yaping Ou who is also an executive director.
The company's CEO is Jin “Jeffrey” Chen but was initially co-founded by China's most notable business magnates - the chairmen of Chinese multinational conglomerates.
This includes Alibaba’s Jack Ma, Tencent's Pony Ma and Ping An Insurance's Mingzhe Ma.
Together, the three businessmen created the country’s first and largest insurance company to offer and sell products through the internet.
There are five important areas of service that the company offers and sells: lifestyle consumption, consumer finance, health, auto, and travel.