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Schulte-Research
PPT

China Fintech Map

[Diagram Content]
Tencent
$231 bn
SZ

[Overlap 12%]

Zhong An
$10 bn
SH
Ant 16%
Ping An 12%
Tencent 12%

[Overlap 16%]

Alibaba/Ant
Alibaba will own 33% of Ant post IPO
$233 bn/$60 bn
HZ
(CIC, CDB, CCB, China Life, China Pacific Insurance)

30%

WeBank
$5bn
SZ
Tencent 30%

Ping An
CDH (ex-CICC)*
CICC

private

Zhong An

Lufax
$25bn
SH
Ping An 44%
BOC, Guotai Junan

44%

Ping An
$97 bn
SZ
CITIC Sec.

WeBank management team from Ping An

*CDH: set up by Wu Shangzhi, who brought a team from CICC

HOUSE_OVERSIGHT_026040