Schulte-Research
China Fintech Map
Zhong An ‘ | Alibaba/Ant / Tencent \ — \Alibaba will own 33% of Ant post IPO | a SH j \Alibaba willown Te) nt pos | —_ bn | 22%] we t6% | 16% | $233 bn/S60 bn \ \ j : \ | HZ 1 \ j 9°, j PingAn aed (CIC, CDB, CCB, China Life, China | Tencent12% Pacific insurance) i CDH (ex-CICC)* : ; a ” Sc: (= private _. FF a . oo —_ ZhongAn WeBank Lufax a r $5bn $25bn Tencent 30% Ping An 44% { i Ping An \ BOC, Guotai Junan $97 bn Xe citic Sec. /
WeBank management team from Ping An
*CDH: set up by Wu Shangzhi, who brought a team from CICC
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