1. Zhong An Online Property Insurance
The "Three Mas" jointly set up the country's first online insurer Zhong An Online Property and Casualty Insurance in November 2013.
With a registered capital of 1 billion yuan, the joint venture, headquartered in Shanghai, aims to focus on enterprise and family property insurance, cargo transportation insurance and liability and guarantee insurance, according to a notice published on the website of Shanghai Administration for Industry and Commerce.
Alibaba, with a 19.9 percent stake, is the new company's biggest shareholder, while Ping An Insurance and Tencent each hold a 5 percent stake.
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Jack Ma Yun, founder and executive chairman of Alibaba Group, shakes hands with Pony Ma Huateng, chairman and CEO of Tencent, next to Ma Mingzhe, chairman of Ping An Insurance Group, at the launch ceremony of the Internet Financial Industry Forum and Zhong An Online Property and Casualty Insurance Co at Fudan University in Shanghai, Nov 6, 2013. [Photo/IC] |
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