Ping An

Overview

China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to as "Ping An of China", "Company", "the Group") was born in 1988 in Shekou, Shenzhen, is China's first joint-stock insurance enterprise has developed into a financial insurance, banking , as one of three main business investment, personal financial life of the Group's core financial services and Internet banking services develop in parallel. Company and the Shanghai Stock Exchange main board listed companies in both Hong Kong stock code 601318 and 2318 respectively.

Country: China

Founded: 1988

Headquarters: Shenzen

Investment Strategy

Geography

  • North America
  • Europe

Sector Focus

  • Institutional Investments and Trading

Investment Stage

  • Later Stage Venture

Summary

China Ping An to become a world leader in personal financial life service providers, adhere to the “science and technology leading financial, financial services, life” concept by “integrated finance + Internet” and “Internet + integrated financial” two modes, Focus “largest financial assets “and” great health care, “the two industry around the insurance, banking, asset management, Internet banking four plates, for customers to create” professional, make life easier “brand experience, achieve sustained profit growth to shareholders long-term stability of value in return. Users, clients and migration aspects, continued customer-centric, providing customers with comprehensive financial services, in order to achieve “a customer, an account, a number of services, number of products” as the goal, and actively promote user migration between customers . Core financial business, to provide customers with professional one-stop financial services, and use the Internet to upgrade the comprehensive financial model, expanding the scope of services, improve service efficiency and experience. Internet banking business, around the user’s “medical, food, shelter, transportation, entertainment” needs, and constantly improve the online platform that provides a variety of services and products, will be embedded in online financial service life.

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Investments

Date

Name

Size

Round

Co-Investors

Sector

Country

August 2015

Payoneer

$50m

Series E

Willngton Management, Carmel Ventures, Greylock Partners, Susquehanna Growth Equity

Payments & Remittances

United States

November 2014

eToro

$27m

Venture

SBT Venture Capital

Institutional Investments & Trading

United Kingdom

June 2014

Payoneer

Undisclosed Amount

Venture

None

Payments & Remittances

United States

Funds Raised

Vintage

Fund Name

Amount

2014

$4.75bn

Key Employees

Ma Mingzhe
Founder, Chairman, CEO

Sun Jianyi
Executive Director