2017 China Leading Fintech 50 - assets.kpmg · representatives from KPMG China as well as from KPMG Global, with expertise in IT, data, capital markets, venture capital, risk control,

2017 China Leading Fintech 50

KPMG China

December 2017

KPMG WeChat Fintech 50 Survey Page

About KPMG China

Contact us

79

80

Contents

01 Disruptions & Breakthroughs

02 Overview

03 China’s Leading Fintech 50

04 AppendixAppendix I

Appendix II

Appendix III

Appendix IV

Appendix V

04

07

17

69

70

71

74

75

76

The China Leading Fintech 50 Series

KPMG fintech credentials

77

78

© 2017 KPMG Huazhen LLP��— a�People's�Republic�of�China�partnership,�KPMG�Advisory�(China)�Limited�— a�wholly�foreign�owned�enterprise�in�China,�and�KPMG�— a�Hong�Kong�partnership,�are�member�firms�of�the�KPMG�network�of�independent�member�firms�affiliated�with�KPMG�International�Cooperative�(“KPMG�International”),�a�Swiss�entity.�All�rights�reserved. © 2017 KPMG, a Macau partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG�International�Cooperative�(“KPMG�International”),�a�Swiss�entity.�All�rights�reserved.

Global comparison

Regulatory update

External experts

KPMG China fintech leaders

Glossary

Note: This report was translated from Chinese. If there are any questions relating to the accuracy of the translation, please refer to the Chinese report.

In recent years, fintech innovation has continuously sped up the overall development of the financial industry. It has played a substantial role in developing inclusive finance, supporting real economic growth and propelling financial services to a wider audience.

To ensure the continuous development of innovation, it is important for all related parties to participate actively in discussions. While there have been more frequent interactions between regulators and the fintech industry, we need to ensure that efforts are made to continue optimising fintech and compliance policies. This would help in identifying and managing new or systemic risks in a timely and effective manner.

Simon GleaveRegional Head of Financial

Services, KPMG Asia Pacific

We are pleased to share with you the results of the 2017 KPMG China Leading Fintech 50. This year's list reflects the importance of advanced information technologies, which are constantly driving fintech innovation within the financial services industry.The growth of fintech has also spurred the cooperation and integration of financial institutions and startups, while increased capital investment has accelerated the optimisation and allocation of resources for technology and innovation. This is indicative of the country’s booming fintech ecosystem.

HonsonToChairman, KPMG

Asia Pacific and China

Introduction


3

Disruptions & Breakthroughs

01


Data

Disruptions and Breakthroughs

金电联行

Note: Companies are listed in no particular order. This is not a full list of companies. For reference only.

Product

Bills

Insurance

Credit cards

Consumer lending

Personal finance

Wealth management

Transactions

Anti-fraud

Risk pricing

Leasing

Pledged loans

Credit loans

Blockchain

Housing/car loansIntelligence

Risk control

Integrated financial services

Payment

Precision marketing

Robo-advisory

Robo-research

5


The Fintech Ecosphere

6

The FintechEcosphere

Fintechstartups

Licensed financial

institutions

Venture capital

institutions

Regional governments

Incubators and

accelerators

Professional services

providers

Academic and research

institutes

Professional associations

Regulators

02Overview


Overview

About KPMG China Leading Fintech 50Every year, KPMG International publishes the KPMG Global Fintech 100, which highlight the world’s leading and emerging fintech companies*.

In order to support and promote the further development of fintech in China, KPMG launched the inaugural China Leading Fintech 50 in 2016. The positive reaction to the 2016 edition led to a follow-up, with KPMG launching the second China Leading Fintech 50 in May 2017. Following months of assessment, results for the 2017 China Leading Fintech 50 were published at the end of the year.

Standards

Companies included were either non-financial institutions or non-traditional financial institutions that are actively involved in developing new technologies for the financial services industry; their principal business activities and target client groups are located in mainland China. We encourage companies listed in this report to engage us by visiting the KPMG China website and follow us on social media.

Selection Committee

Our selection committee is comprised of external professionals and representatives from KPMG China as well as from KPMG Global, with expertise in IT, data, capital markets, venture capital, risk control, finance, macro-economics and financial services.

The selection process began in May 2017. Following months of assessment, the final list was published in December 2017, with companies arranged in alphabetical order based on their Chinese Pinyin names.

Criteria

Data capabilities –modelling/collection/ mining/execution

Business model innovation and disruption vs. traditional financial services

Application of advanced and innovative technologies

Development potential and future prospects

Valuation and recognition from capital markets

Addressing problems and issues in financial services

Note: KPMG, in conjunction with H2 Ventures, publishes the annual KPMG Global Fintech 100 report. H2 Ventures isa fintech investment firm.

Selection criteria

KPMG believes that innovation is key to addressing problems and enhancing the efficiency of the financial services sector. Our selection criteria reflect this with technology and innovation among the key considerations.

Using KPMG’s Startup Insights Platform (SIP), enterprises were assessed based on a variety of factors such as company composition, technology, products, markets and financing capabilities.

8


The following is a breakdown of the China Leading Fintech 50 companies:

Fintech is a knowledge-oriented field that brings together top professionals from the IT and finance industries. Tier-one cities, such as Beijing, Shanghai, Guangzhou and Shenzhen, enjoy greater advantages in training, attracting and retaining talent. Consequently, the majority of the China Leading Fintech50 companies are based in these cities.

Sector

Location

Big data and data analytics companies are the largest group within the China Leading Fintech 50, followed by lending, consumer and situational finance companies. The prominence of big data and data analytical companies are unsurprising given fintech's status as a critical developmental focus for the financial industry. Many of the companies focus on advanced data technology application, research and development.

18

11

6

6

5

2

2

0 2 4 6 8 10 12 14 16 18 20

Big data and data analytics

Lending, consumer and situational finance

Integrated financial technology

Payment technology

Wealth management and capital markets

Insurtech

Blockchain

14Shanghai

21Beijing

1Chongqing

1

4 Hangzhou

9

Changsha

1Suzhou

8 Shenzhen

Overview


Most breakthroughs in finance are achieved through technology and innovation. For example, precision marketing makes use of big data technology to identify clients’ various needs by conducting multi-dimensional analysis on individual users. Biometrics can be applied to verify user information to prevent identity theft, while machine learning technologies can be used to identify abnormal transactions via deep learning algorithms. Big data is the most commonly adopted technology by companies on the list.

Technological research, development and application is a key component of a company's core competitiveness. As a result, technical staff makes up a large portion of the workforce for companies on our list. The prevalence of online, mobile and social media commerce meant some companies are hiring fewer marketing and sales staff. Resources are instead reallocated to hire more technical staff.

Technology

Proportion of technical personnel

2%8%

80%

10%

10

47

31

21 19 16 147 7

20

8

16

24

32

40

48

Total

Overview


The majority of the China Leading Fintech 50 companies have a relatively short history and were incorporated within the past 10 years. The vibrancy of this younger generation of companies is a contributing factor to their innovation capabilities.

In recent years, fintech has become a key focus among venture capital firms, which has prompted the valuation of many companies to increase. However, the majority are still fairly limited in terms of size and valuation.

Time of incorporation

Valuation

8%

20%

32%

32%

8%

1-2years 2-3years 3-5years 5-10years over 10years

18%

45%

23%

5%9%

< 10 Billion

< 30 Billion

< 70 Billion

< 200 Billion

Over 200 Billion

11

Unit: RMB

Overview


02

Key fintech trends of 2017:

Continued policy enhancements and technological advancements are providing support for deep industrial reforms as well as better and more efficient financial services. However, the financial industry still faces many issues. This includes a misalignment of financial resources with the real economy, low quality and ineffective promotion of financial products, cumbersome and costly financial services, and a inadequate consumer and investor education as well as protection against fraud.

At the same time, advanced technologies such as cloud computing, Internet of Things, big data, biometrics, blockchain and AI are also developing rapidly and will soon be ready for large-scale application.

Adopting advanced technologies01

Traditional financial institutions are actively incorporating fintech into their businesses. Technologies such as mobile finance, location-based marketing, big data-based anti-fraud solutions and customer insights generated through deep learning technologiesare having a profound impact on the industry. Fintech is driving financial institutions to be efficient and provide less expensive and higher quality services. Consequently, many are stepping up efforts to incorporate such technologies into their businesses. Since the start of 2017, many have teamed up with internet companies to enter the fintechindustry. CITIC, for example, partnered Baidu to establish the first independent legal entity direct bank.

Traditional financial institutions: Transformation through fintech

12


As the market develops, business models that are easily replicable and online financial institutions with low innovation capabilities will be gradually phased out. Businesses that are sustainable tend to be fintech enterprises that have strong tech capabilities, which allow them to provide value to clients and the broader market.

This has shed light on the potential for cooperation between traditional financial institutions, venture capital funds and fintech startups in establishing a highly efficient and innovative operating system. These organisations are able to complement one another through strategic transformations based on market insights, capital allocation capabilities and innovative technologies. A number of fintech enterprises have formed alliances with traditional financial institutions in 2017.

Establishing a fintech ecosytem03

The growth of fintech has accelerated the development of the financial industry. Forexample, developments in advanced payment technologies could soon lead to an e-cashsociety, which would reinforce China's status as a leading innovator.

The traditional financial industry can benefit from fintech in terms of higher efficiency andlower costs. One optimal approach for financial institutions looking to expand their onlineoperations would be to setup strategic links with other organisations. In addition,emerging fintech enterprises can widen their growth margins and tap into a larger marketthrough opportunities to export their core technologies.

Many fintech enterprises have successfully transformed into fintech service providers.This approach enables them to focus their efforts on improving their big data processingand R&D capabilities, while at the same time, promotes the use of fintech as an effectivesolution for the financial sector.

China fintech: Export transformation04

13


AI is poised to bring about a new wave of technological development, with many industries actively incorporating it into their products and services.

There are already many successful cases of AI integration. Some banks are, for example, adopting video recognition technology to monitor designated locations, identify key customers or even suspicious people and behaviours.

The use of AI can help firms provide more customisable services and improve the security of transactions. In addition, some organisations have deployed physical robots equipped with speech recognition technology to identify frequent customers, guide customers, and provide brief business introductions.

Mobile applications using smart chatbot technology can also significantly lower operational costs. In addition, AI's deep learning and strong data-processing capabilities is also propelling it into other areas such as robo-advisory, robo-research and financial knowledge mapping.

The rise of AI05

Many technology-driven breakthroughs in recent years have boosted the development of the financial industry.

However, there are companies that still focus on non-tech driven solutions, preferring to improve margin requirements through conventional process or operational optimisation. While such methods can bring about short-term financial gains, it is detrimental to the long-term fostering of innovation. As a result, it is important for the financial industry to focus their efforts on technology-led innovations instead.

The ambiguous future of non-tech innovations06

14


A lack of consumer education can lead to indiscriminate spending given the complexities of financial products. While the prevalence of fintech has made financial products more inclusive, this has made public education more challenging. It is critical for the authorities, regulators and the industry to provide a high level of consumer education as doing so will not only protect the interests and rights of consumers, but maintain their confidence in the long-term development of the market.

Fintech enterprises also need to focus on technological innovation to ensure the security of transactions and information. They can make use of big data and smart technologies to understand investors’ risk appetite and tolerance as well as conduct investment suitability assessments. They can also introduce e-customer services to provide low-cost, high-efficiency education on the risks associated with financial products, maximising the protection of consumer rights and interests. Moreover, consumer rights and interests can be strengthened by implementing international best practices.

The importance of customer education

The financial industry faces a number of long-term, potential, material and external risks, which is why having a robust regulatory regime is essential. Areas with potential risks include big data application, information security and consumers’ rights and interests protection.

It is important to understand that having a robust regulatory regime does not necessarily stifle innovation. One such example is to introduce a fintech regulatory sandbox, which encourages experimentations and innovation within a well-defined environment. Organisations need to ensure they are keeping up with the latest regulatory updates and are in close contact with regulators.

Establishing an effective regulatory regime08

07

15


The 19th National Congress of the Communist Party of China highlighted that priority would be given to strengthen financial reforms, improve the regulatory regime and guard against systemic risks in order to enhance the financial industry's contribution to the real economy. The report identified clear development objectives for the financial industry, placing a huge emphasis on preventing systemic financial risks.

Despite the rapid development of fintech, financial institutions are still facing seven major risks - credit, operational, market, liquidity, compliance, reputational and systemic – adding to the uncertainty and volatility of the market environment. Financial enterprises looking to incorporate fintech into their business will need to pay attention to these risks and create an intelligent and digitalised risk management system.

A comprehensive approach to financial risk management

Systemic risks in the traditional financial industry can be difficult to quantify. Technology, however, has made risk management more effective. This is important as systemic risks are on the rise given the appearance of new consumer and finance models in the era of big data. A number of social issues surrounding indiscriminate lending have prompted the industry to focus on enhancing the credit reference system. Technologies such as biometrics, big data and blockchain have opened up the possibility of establishing a public credit services system. For example, a unique identification number for individual users can be generated using cross-biometric identification technology and encryption algorithms.

On the other hand, blockchain and smart contracts can ensure the secure reading of such information. By integrating individual consumer behaviour records with public credit platforms, a more comprehensive and secure credit reference database system can be built. This can be a viable solution for micro-level credit assessment and provide regulators with tools for real-time data collection, abnormal transaction analysis and efficient macro-level control over a wide range of data platforms.

Using fintech to address systemic risks10

09

Note: The objective of China Leading Fintech 50 is to foster innovation and promote better communication within thefinancial services sector. This should not be mistaken for investment advice and is not a formal interpretation ofexisting regulatory policies.

16

03China’s Leading Fintech 50


2017 China’s Leading Fintech 50

*Companies are arranged in alphabetical order based on their Chinese pinyin names.

18

Short name Page

• Baidu FSG 19

• Baifendian Group 20

• 100credit 21

• IceKredit 22

• Bubi Chain 23

• Tenpay 24

• Dianrong 25

• Dingfu Data 26

• Onchain 27

• Riskstorm 28

• FUMI TECHNOLOGY 29

• Futu Securities 30

• FuYouKache 31

• Chinapnr 32

• HUIZE 33

• Fox Fintech Group 34

• Ping++ 35

• Jianpu Technology 36

• 3GOLDEN 37

• JINFUZI 38

• JD Finance 39

• Juxinli 40

• 99Bill 41

• Tiger Brokers 42

• QuantGroup 43

Short name Page

• Lufax 44

• MSXF 45

• Ant Financial 46

• PINTEC 47

• Qianbao Financial 48

• QFPAY 49

• iPayLinks 50

• Sanoyed Financial 51

• Wecash 52

• ChinaScope 53

• RiskRaider 54

• Suan Hua Zheng Xin 55

• TalkingData 56

• TianChuang Credit 57

• BeagleData 58

• Tongdun 59

• Pay Egis 60

• Datayes 61

• WACAI 62

• VZOOM CREDIT 63

• WeBank 64

• WeLab 65

• 51 Credit Card 66

• YRD 67

• ZhongAn Insurance 68


Completed financing: Not disclosed

Part of Baidu's strategic drive into integrated financial services, Baidu Financial Services Group (Baidu Finance) was formed by integrating all of the internet giant's financial businesses and is headed by Zhu Guang. Baidu Finance provides a variety of services, including consumer finance, financial management, e-wallet payment, internet banking as well as insurance. Baidu Finance has seven strategic focus when it comes to the development of fintech, including identification, big data risk control, smart investment consulting, intelligent customer service, financial cloud services and blockchain. It strives to incorporate fintech such as AI into the financial industry in order to promote the concept of inclusive finance.

Core technologies

Strategic investors

Company description

General Manager: Zhu GuangProduct Director: Sun YunfengGeneral Manager, Asset Management: Zhang XuyangHead, Research: Xu DongliangGeneral Manager, Consumer Consumption: Huang Shuang

概况Overview

百度金融旗下品牌

Tags: Consumer finance, wealth management, fintech, AI

Headquarters location: Beijing

Year of incorporation:2015

Website:https://jinrong.baidu.com/

Sector / Business scope: Integrated financial services

Application(s): Baidu Wallet, Baidu Finance

Key personnel

Baidu Not disclosed

19

Valuation

© 2017 KPMG Huazhen LLP — a People's Republic of China partnership, KPMG Advisory (China) Limited — a wholly foreign owned enterprise in China, and KPMG — a Hong Kong partnership, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. © 2017 KPMG, a Macau partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

BlockchainSmart

investment consulting

Big dataMachine

/deep learning

Quantitative model

Precise marketing

Smart assistant

Cloud computing

概况

20

Chairman & CEO: Su MengCOO: Liu Yu Chief Data Officer: Du XiaomengPresident, Enterprise Business: Gao TiweiVP, Enterprise Business: Liang Peiming

Valuation

IDG, Hillhouse, Everbright Securities, Zhejiang Daily MediaSeries D financing completed

Baifendian Group focuses on providing big data and AI solutions. It owns several big data and AI product lines as well as a number of software and patents. The company has also created an industrial application model library and industrial knowledge graph library in China. The company’s primary objective is to establish an underlying technology platform for big data and intelligent application scenarios. Its products encompass leading companies across a variety of industries such as finance, manufacturing, public affairs and publishing. It is also among the first to establish a nationwide big data and AI system.


Company description

Core technologies

Strategic investors

Key personnel

Tags: Big data, AI, modeling analysis, machine / deep learning


Year of incorporation: 2009

Website:http://www.baifendian.com/

Sector / Business scope:Finance, public affairs

Application(s): BD-OS (Big data operation system), DEEP MATRIX (Industrial AI decision-making system)

Overview


Natural language

processing

Knowledge graph

IoTBig dataMachine

/deep learning

Hillhouse, CICC, Sequoia, IDG Capital Partners, CHAMC, Shuanghu, Zhejiang Daily Media, Union Mobile Financial Technology

Series B+ financing completed

21

Chairman & CEO: Zhang ShaofengCFO: Zhao HongqiangCRO: Qi Yuan

100Credit is an integrated platform provider that harnesses the power of AI, big data, cloud computing and other innovative technologies. The company is headquartered in Beijing Zhongguancun and has branches in Shanghai, Shenzhen, Wuhan and other cities in China. Its clientele includes banks, consumer finance companies, fintechenterprises and small loan firms. The company’s main advantages are its strong commitment to providing credit services to customers as well as its big data processing and modelling capabilities. 100Credit provides users with services that allow them to manage the entire cycle of a loan. In addition, helps insurers achieve precision marketing by providing one-stop services across both online and offline channels.

.

Tags: Big data, anti-fraud, risk management, marketing



Website:http://www.100credit.com/

Sector / Business scope:Fintech, big data risk management

Application(s): Compass, User Assessment, Anti-fraud

Overview

Company description

Valuation

Core technologies

Strategic investors

Key personnel



Big dataMachine

/deep learning

Knowledge graph

Cloud computing

22

Ice Kredit focuses on using AI technology to provide third-party big data risk management services for financial institutions. The company is headquartered in Shanghai and has branches in Nanjing, Shenzhen, Beijing, Changzhou, Chengdu and Los Angeles. Ice Kcredit actively explores the application of AI technologies and provides customers with model-based, real-time scoring, risk management solutions. It strives to improve the efficiency and revenue-generating capabilities of financial institutions. In addition, Ice Kredit aims to better meet the credit needs of SMEs and those in the long tail in order to create financial services that are more inclusive. Ice Kredit cooperates with a number of traditional financial institutions and internet financing platforms in China, and uses AI in its credit investigations.

Tags: AI, credit investigation, big data, fintech

Headquarters location: Shanghai


Website: http://www.icekredit.com

Sector / Business scope: AI-based big data risk management

Application(s): Personal / Corporate Credit Assessment (web), Consumer Credit Solutions (web),

Model Management System (web)

Company description

Overview


Frees Fund, Yunqi, Will Hunting, China Creation Ventures, Lingfeng Capital

Series A financing completed

Founder & CEO: Gu LingyunVPs: Guo Zhipan, Han Bing, Xie Minqi

Valuation

Core technologies

Strategic investors

Key personnel


Natural language

processing

Knowledge graphBig data

Machine /deep

learning

Quantitative model

23

Bubi Chain is a fintech company that specialises in blockchain. The company owns a number of core patented technologies, which allow it to develop a scalable, high-performance and controllable blockchain-based service platform. Bubi Chain also has the ability to develop business applications that meet the needs of a large variety of users. Leveraging on the strength of its self-developed platform, Bubi Chain has successfully applied blockchain technologies on digital assets and supply chain finance.

Tags: Blockchain, intelligent contracts, fintech, blockchaininfrastructure services BAAS, model Innovation



Website: http://www.bubi.cn/

Sector / Business scope:Blockchain

Application(s): BumengDigial Assets (App+Web),Yinuo Finance (App+Web)

Company description

Overview


DL Capitals, Yizhuang Internet, Jieshi Investment, QF Capital, China Merchants Innovative, Sinovation Ventures, Wanxiang Fenbushi Capital, Xinlian Venture, Vangoo Capital, BojiangCapital, Grand Yangtze Capital, Buchang Pharma


Co-Founders:CEO: Jiang HaiCOO: Li JunCTO: Wang JingVP: Zhang Mingyu VP: Yang Fan

Valuation

Core technologies

Strategic investors

Key personnel


Big dataBlockchain

概

24

Company description

Tencent’s third-party payment platform in China, Tenpay is dedicated to providing secure, convenient and professional online payment services for internet users and companies. Established in 2005, Tenpay's focus is on the security and convenience of its products and services. It offers a variety of services and application scenarios for individual users as well as professional capital settlement solutions for larger and medium-sized enterprises. This includes quick settlement, balance payment, instalment payment, entrusted withholding, epos payment and micropayment. The company serves a wide range of industries such as gaming, aviation, e-commerce, insurance, telecommunications, logistics and fund management.

Not disclosed

Not disclosed


Tencent

CEO: Lai Zhiming

Valuation

Core technologies

Strategic investors

Key personnel


Mobile computingBig data

Tags: Big data, payment, payment ecology

Headquarters location:Shenzhen


Website: https://www.tenpay.com/ v3/

Sector / Business scope:Payment

Application(s): Tenpay

Overview

概况

25

Dianrong provides innovative fintech solutions, with a particular focus on services pertaining to online intermediary lending. The company operates an online intermediary lending services platform, which helps individuals and companies obtain funding through the internet. Dianrong has helped many borrowers obtain financial support from investors across the country. Dianrong leverages on its tech capabilities to reduce the costs of marketing, operations, services and post-loan management, which enables it to provide loan products with lower interest rates. The company is backed by investors in China and globally. Dianrong is one of 48 managing directors of the National Internet Finance Association of China (NIFA), which was established in 2016.

Tags: Internet finance, P2P, fintech, blockchain



Website:www.dianrong.com

Sector / Business scope:

Online intermediary lending service

Application(s): DianrongInvest

Company description

Overview


GIC, CM International Financial Leasing, Simone Investment

Series D financing completed

Chairman: Su HaideCo-Chairman: Guo YuhangCEO: Luo Longxiang

Valuation

Core technologies

Strategic investors

Key personnel


Big data Blockchain

26

Dingfu Data aims to transform the financial industry with technology. The company focuses on using big data and AI technologies to provide an efficient, convenient and professional financial analysis platform for financial investment institutions.

The founders of Dingfu Data boasts plenty of experience in the internet and financial industries. Its technical staff were mostly hired from internet companies and are therefore, highly knowledgeable in areas such as information processing and data analysis. The company has also trained and put together a team of professionals with deep knowledge of finance.

Tags: Intelligent financial group, natural language processing, fintech, knowledge graph, AI

Location: Beijing


Website:http://www.dingfudata.com/

Sector / Business scope: Big data, AI

Application(s): PDFree (Web)Gonggaobao (Web)

Company description

Overview


Sequoia, Lingfeng Capital


Founders: Wu Xuehua, Zhang Lianghua, Guo Dan

Valuation

Core technologies

Strategic investors

Key personnel


Big dataMachine

/deep learning

Cloud computing

Natural language

processing

Knowledge graph

27

Onchain is a fintech company that develops and operates a number of blockchain projects. In addition, the company provides customised blockchain solutions for financial institutions and other corporates. Since its inception in 2016, Onchain has successfully cooperated with a number of core financial institutions, banks and brokerage companies. In 2017, Onchain released the Ontology Network - a next generation blockchain network for distributed trust. Ontology Network incorporates multiple trust types into a single integrated protocol system. The system incorporates distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation and various industry-specific modules. This results in a P2P trust network that is cross-chain, cross-system, cross-industry, cross-application and cross-device.

Company description


Fosun

Series Pre-A financing completed

CEO: Da Hongfei CTO: Zhang ZhengwenChief Architect: Li JunGeneral Manager, Beijing: Li YanboVP, Business Development: Yang Wentao

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Blockchain, fintech

Headquarters location:Shanghai


Website:https://onchain.com/

Sector / Business scope: Blockchain

Application(s): Ontology Network, Onchain DNA

Overview

BlockchainQuantitative

model

28


Riskstorm is an AI-based business information analysis and risk control system that encompasses business, litigation, taxation, administrative penalties, investment and financing, changes in senior management and news events. Riskstorm contains the business registration information of a large number of companies as well as administrative announcements, trial processes, corporate information disclosures and media reports. The data are subsequently sorted and analysed to form well-organised corporate information.

Riskstorm's clientele includes a number of Fortune 500 companies, financial companies, conglomerates and government agencies, which use the information for corporate due diligence, risk control, compliance audits, judicial enquiries, industry research and to screen for business and investment opportunities.

Company description

Dongsu Venture Capital, Xinnuo Xinshan, Coco Space, Ronglian, Ruisheng Jiaye

Series A+ financing completed

Co-Founder & CEO: Li ZhenCo-Founder & CTO: Zhao YingbinCo-Founder: Ji Min Co-Founder & VP: Jin Qi

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: AI, big data, natural language processing, SaaS, credit investigation, risk management



Website:www.riskstorm.com

Sector / Business scope:Fintech

Application(s): Riskstorm(App, Web, serviceID)

Overview

29


Fumi Technology’s Webull integrates data and financial technology to deliver data and transactional services to investors worldwide. Webull cooperates with many exchanges, index companies globally, and operates data centers in China and the US. It runs a global data system that provides real-time data from different countries/regions, exchanges, categories and underlying targets. Currently, Webull provides trading services in the US, Hong Kong and many other securities markets globally. The system supports the trading of stocks, ETFs and CFDs.

Company description

Xiaomi Technology, Shunwei Capital, Hongdao Capital, Mobai Capital, Bojiang Capita, LuguHigh-Tech

Series A+ financing completed

Founder & CEO: Wang AnquanCMO: Anthony M. Denier COO: Yuan Jun

CTO: Chen Bo Chief Data Officer: Li WeiboChief Compliance Officer: Lu Sheng

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Fintech, securities investment, investment advisory, wealth management

Headquarters location:Changsha

Year of incorporation:2016

Website:http://www.webull.com/

Sector / Business scope:Fintech, internet securities

Application(s): Webull

Overview


model

http://www.webull.com/

30


Futu securities is a broker licenced by the Securities and Futures Commission of Hong Kong that focuses on providing one-stop investment services in Hong Kong and the US. Futu Securities actively incorporates internet financial technologies into its brokerage services.

Supported by an independently developed trading system and an innovative internet model, Futu Securities strives to provide the best user experience when it comes to account opening, capital flows update, market price data, trading and settlement. Futu Securities also works closely alongside HKEx and NASDAQ, which allows its clients free access to advance real-time data for both markets.

Company description

Tencent, Matrix Partners China, Sequoia

Series C financing completed

Founder & Chairman: Li HuaCEO: Wu BiweiCTO: Chen Weihua

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Data driven, model innovation, trading platform

Headquarters location: Hong Kong, Shenzhen


Website:http://www.futu5.com/

Sector / Business scope:

Internet securities

Application(s): Futunn

Overview

Mobile computing

31


Fuyoukache is an internet trading platform focusing on the logistics industry. From its early roots as a logistics information provider, Fuyoukache has since developed into a large-scale online logistics trading platform in China.

It now supports the provision of loan guarantees for logistics brokers, discounts on receivables for third-party logistics companies and truck aftermarket for truck drivers. Through the use of big data, mobile Internet and AI technologies, it aims to reduce logistical costs, improve operational efficiencies and provide services of a consistently high quality.

Company description

Tencent, Matrix Partners China, Sequoia


Founder & Chairman: Li HuaCEO: Wu BiweiCTO: Chen Weihua

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Model innovation, trading platform, online quote, big data, AI

Headquarters location:Beijing


Website:http://www.fuyoukache.com

Sector / Business scope:Internet+logistics

Application(s): Fuyoukache (App+Web)

Overview

Machine /deep

learning

32

Not disclosed


Biometrics

Chinapnr is an integrated financial services group in China that uses technology and data to create value for its customers. It focuses on providing payment, financial management, consumer finance and other financial services to small and micro enterprises and individual investors. Chinapnr offers customised solutions in areas such as aviation, funds, online loans, private equity, logistics, health and education. It is an executive director of the China Payment and Settlement Association and director of the National Internet Finance Association of China.

Company description

Not disclosed

Chairman, CEO & Founder: Zhou YeVice Chairman & Founder: Liu GangSVP & Founder: Mu Haijie

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Payment, wealth management, data, fintech, operational risk management



Website:http://www.chinapnr.com/

Sector / Business scope:Payment, fintech

Application(s): Integration Payment, Smart POS, SKY, Smart Investment Consulting

Overview

Machine /deep

learning

33


Huize works with a number of insurers to provide a wide range of insurance products. Its products include accident insurance, health insurance, life insurance, corporate insurance, auto insurance and home insurance. By integrating internet technologies into its services, Huize provides insurance consultation, risk assessment and customised insurance plans. It also offers online vertical trading and claims assistance services. Headquartered in Shenzhen, Huizehas branches in Beijing, Guangzhou, Shanghai, Hefei and Hong Kong. Its first supporting center for its national internet insurance platform was set up in Hefei.

Company description

Saif Investment Fund, Wanrong Times Capital, CDF Capital, Lakala, Fortune Capital

Series B financing completed

Founder & CEO: Ma CunjunVP: Jiang LiCTO: Ouyang Kai

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Internet insurance, AI, fintech



Website:https://www.huize.com/

Business: Internet insurance

Application(s): Huize

Overview

Machine /deep

learning

34


The financial technology arm of Sohu, Fox Fintech Group started as an online lending platform – “Souyidai”. The company’s objective is to “make finance simpler”. Fox Fintech adopts technologies such as big data, blockchain, AI and machine learning to spur innovation within financial services. This approach allows it to improve operational efficiency as well as the user-experience of its services through better risk control, improved investment decision-making and enhanced platform security. Fox Fintech operates a number of online platforms such as Huli.com (Integrated financial services), Souyidai.com (Lending) and Xiaohujr.com (Consumer finance). It also provides risk management services for various businesses of the Group using “Fengren”, a risk system powered by big data and AI technology.

Company description

Sohu, China Minsheng Bank, L.R. Capital Management


Founder & CEO: He JieCo-Founder & CTO: Zhou LinCRO: Fan Hongxue

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Smart financial group, consumer finance, internet banking, online lending, fintech



Website: http://www.huli.comhttp://www.souyidai.com

Sector / Business scope:fintech

Application(s): Huli, Xiaohujr

Overview

Machine /deep

learning

Biometrics Blockchain

35


Ping ++ is the payment arm of Shanghai Ping ++ Internet Technologies Co., Ltd. It provides customised payment solutions for a large number of businesses in retail, e-commerce, O2O, education, travel and SaaS. Ping ++ simplifies the process for mobile payments and consumption installments by integrating the functions of payment technology, daily transaction management, account management, multi-level business model, user account system and big data analysis. Ping ++ cover all major processes from payment, transaction processing, business analysis to operations and big data marketing.

Company description

Sequoia, Linear Venture, CBC Capital, Shengjing Group


CEO: Jin YiyeVP: Zhao Yu

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Integration payment, payment ecology, SaaS, fintech



Website:http://www.pingxx.com/

Sector / Business scope:Integration payment

Application(s): Ping++

Overview

Machine /deep

learning

Blockchain

36


AI

Jianpu Technology is a mobile financial platform that provides search, recommendation and application services for financial products to individual consumers and small and micro enterprises. Its business scope covers loans, credit cards and wealth management. In addition, Jianpu Technology provides users with convenient and secure financial information for free, allowing users to check, compare and directly apply for loans/credit cards. The financial products on the platform are from a variety of sources such as banks, small loan companies, guarantee companies and pawn shops.

Company description

Lightspeed China Partners, KPCB, Zero2IPO, Sequoial, Pavilion Capital, Yunfeng Capital, Sailing Capital, Star VC

Listed on New York Stock Exchange in 2017

Co-Founder & CEO: Ye DaqingCo-Founder & COO: Lu JiayanCo-Founder & CTO: Liu CaofengCFO: Chen Yilu

Valuation

Core technologies

Strategic investors

Key personnel


Big data

Tags: Big data, AI, fintech



Website: jianpu.ai

Sector / Business scope:Information service

Application(s): Rong360

Overview

Machine /deep

learning

Mobile computing

37

金电联行


3Golden Beijing focuses on integrating IT with financial and social credit services. It is one of the first companies approved by the People’s Bank of China to carry out credit investigations across China. The company engages in the collection and analysis of corporate, individual and financial information, and is one of the pioneers in applying big data analytics to credit references. The company has made a number of achievements in analysing financial, government and industrial big data. Headquartered in Beijing, 3Golden has branches in cities such as Shanghai, Tianjin, Hangzhou, Nanjing, Guiyang and Changchun. In addition, it has four research centers with universities, including Peking University and Fudan University. Their cooperation includes cross-border big data and AI projects.

Company description

Dingxin Capital, Leading Capital, Zhongcheng Fund


Founder, Chairman & CEO: Fan XiaoxinCo-Founder & SVP: Zhu ZhiweiDeputy VP: Ai Bin

Valuation

Core technologies

Strategic investors

Key personnel


Big dataCloud

computing

Tags: Big data, quantitative model, credit assessment



Website:http://www.3golden.com/

Sector / Business scope:Big data

Application(s): One-stop credit investigation platform, risk quantitative platform, investment and financing platform, data factory

Overview

Machine /deep

learning

Knowledge graph

38


JFZ is an online financial company that provides professional and independent financial services for high net worth investors, with ambitions to become the largest private offering and service platform in China.

It seeks to find investment opportunities across a variety of products and asset classes, including private equity, private placements, quantitative hedging, M&A, overseas funds and fixed income. The expanded nature of its product list helps to meet the asset-allocation needs of its high net worth customers. In addition, JFZ provides a suite of online services such as price searches, net value queries, financial booking, online and offline roadshows.

Company description

Sequoia, Renren, Huaxi Holding, CMG, Green Pine Capital, Bridge Capital, Hanjing, Zheng Liqing


CEO: Zhang KaixingCOO: He KunpengCTO: Jiang Mingyu

Valuation

Core technologies

Strategic investors

Key personnel


Big data

Tags: Big data, quantitative model, cloud service



Website: http://www.jinfuzi.com/

Sector / Business scope:Internet wealth management

Application(s): JFZ, Jinfuzicf

Overview

Quantitative model

Mobile computing

39


JD Finance Group has ten business lines: supply chain finance, consumer finance, wealth management, payment services, crowdfunding, insurance, securities, rural credit, fintech and overseas business, providing financial services to both corporate and personal customers. JD Finance offers a wide range of financial services worldwide and is one of the fastest growing fintech companies globally. It has received the recognition of the international academic field. The company harbours ambitions to become a world-class technology firm and has received international recognition in academic research. JD Finance's customer-oriented approach and focus on innovation creates a strong foundation for promoting inclusive financial services and establishes a solid foundation for the industry's long term growth.

Company description

Sequoia, HFM, China Taiping

Series A financing completed Valuation

Core technologies

Strategic investors

Key personnel

Big dataCloud

computing

Tags: Fintech, corporate service, financial cloud



Website: http://jr.jd.com/

Sector / Business scope:Integrated financial services

Application(s): JD Finance (App+Web)

Overview

Machine /deep

learning

Chairman: Liu QiangdongCEO: Chen Shengqiang

Biometrics IoTProportion of technical personnel

40


Juxinli is a fintech services platform powered by big data technologies. It helps financial institutions collect, integrate and analyse information obtained from the internet. It would then create risk control solutions by harnessing the power of big data analytics.

Juxinli’s products include Mifeng, Miguan, Xiaomifen and Joint Modelling, which help to assess the fraud and credit risks of potential borrowers. For example, the reports created by the applications can identify whether a borrower has obtained loans from other sources or committed fraud previously. A borrower would then be assigned a credit rating based on the information gathered.

Company description

Xizang Lingfeng, Xiamen Hongguan, Guizhou Shulian

Series B financing completed Valuation

Core technologies

Strategic investors

Key personnel

Big dataCloud

computing

Tags: Big data, risk management, modelling analysis, credit assessment, anti-fraud



Website: www.juxinli com/

Sector / Business scope: Big data risk management

Application(s): Mifeng, Miguang, Xiaomifen, Joint Modelling

Overview

Machine /deep

learning


Founder & CEO: Luo HaoCOO: Yu HaominCTO: Xu ZhilinCDO: Xue Ruidong

Knowledge graph

4141


Leveraging on the technology of parent Wanda Group, 99Bill operates an integrated fintech services platform that is driven by data analytics and context-aware computing. This combination of advanced technologies enables 99Bill to better target the emerging middle class population in China and capture the opportunities brought about by the ongoing mobile revolution. 99Bill integrates payment, wealth management, credit and equity into a single platform, providing customers with an integrated and personalised experience. Together with Wanda, 99Bill is working towards expanding its services to more industries.

Company description

Wanda Group

Valuation

Core technologies

Strategic investors

Key personnel

Big data

Tags: Fintech, big data, payment ecology, mobile payment, IoT



Website:http://www.99bill.com/

Sector / Business scope:Internet finance

Application(s): Ffan

Overview

Machine /deep

learning


Founder: Guang GuoguangVP: Wang LiangCEO & GM: Zhao RuianAssociate VP: Dang Xiaoqiang

Biometrics IoTCloud

computingMobile

computing

42


Based in Beijing, Tiger Brokers relies on a self-developed trading platform that allows its customers to execute trades conveniently and access market data easily. The platform is designed to improve the efficiency of financial services by facilitating investment in major securities markets globally such as US and Hong Kong through the use of its application, Tiger Trade. Tiger Trade has multiple functions such as account opening, free real-time quotations, news updates and swift order placements. In addition, the application is also a platform for investors to hold discussions.

Company description

Zhen Fund, K2VC, Xiaomi, HG Capital, China Growth Capital, Jim Rogers, Interactive Brokers

Series B+ financing completed Valuation

Core technologies

Strategic investors

Key personnel

Big dataCloud

computing

Tags: Securities trading, investment



Website:http://www.itiger.com/

Sector / Business scope:Internet securities

Application(s): Tiger Trade

Overview


Founder & CEO: Wu TianhuaCo-Founder: Yang Ke


model

43


Quant Group is a technology firm that brings together financial institutions and consumers through the use of AI and big data technologies. By incorporating AI and machine learning technologies with consumer finance, Quant aims to provide a wide range of financial services. The company is also an active user of big data analytics to provide accurate credit risk analysis of different borrowers for its loan distributions business. The core management team of Quant is made up of financial and internet professionals, providing a strong foundation for the company. The company boasts a solid credit risk management system, which focuses on internet risk control and anti-fraud. The system is well-received by industry practitioners. Strategic linkages with a number of top investment firms is a testament to Quant's distinctive business model.

Company description

Sunshine Insurance, Fosun, Guosen

Series C financing completed Valuation

Core technologies

Strategic investors

Key personnel

Big dataCloud

computing

Tags: AI, big data, quantitative model, cloud services



Website:http://www.quantgroup.cn

Sector / Business scope: AI

Application(s): Credit Wallet, Quant Shield, Quant Cube

Overview


Founder & CEO: Zhou HaoCRO: Nian MinhuanCo-Founder & COO: Wang Ni CSO: Luo XiaoxianCFO: Du Pei

Quantitative model AI

44


Shanghai Lujiazui International Financial Asset Exchange (“Lufax”) is a renowned online financial management platform owned by Ping An Insurance. The company aims to develop a solid risk management system that provides financial asset trading information and consultation services for financial institutions, corporates and investors.

Since its inception in 2012, the flagship Lu.com has developed into an integrated financial platform that provides services related to fixed and floating income products. This includes insurance, online lending, publicly/privately offered funds and cash management products.

Company description

BOCGI, Guotai Junan Securities, CMBC International


Core technologies

Strategic investors

Key personnel

Big dataCloud

computing

Tags: Fintech, wealth management platform



Website:https://www.lu.com/

Sector / Business scope: Integrated financial services, internet wealth management

Application(s): Lu.com

Overview


Chairman: Li RenjieCo-Chairman & CEO: Ji KuaishengDeputy GM & CRO: Yang Jun

Deputy GM: Mao JinliangDeputy GM & CFO: Zheng XiguiDeputy GM & CMO: Pan Biao

Machine /deep

learning

BiometricsMobile

computing

4545


MSXF Consumer Finance Corporation (MSXF) is a financial institution that is also a big data, fintech-focused startup. MSXF's customer-oriented approach revolves heavily around efficiency, integrity and innovation. It primarily offers three types of services: cash instalments based on customer acquisitions, instalments for goods on credit, and revolving loans that incorporates the use of big data analysis. The use of advanced technologies, data analytics and a well-constructed risk control system allow MSXF to offer a superior user-experience, propelling it to become a leading technology-driven consumer finance firm.

Company description

Second round of capital replenishment completed

Financing completed： Valuation

Core technologies

Strategic investors

Key personnel

Big data

Tags: Fintech, AI, big data

Headquarters location:Chongqing


Website: http://www.msxf.com/

Sector / Business scope:Consumer finance

Application(s): Msxf, MS Loan, MS Installement, MS Wallet, An Yi Fa, Zhi Hou Hua, GoFun

Overview


Founder & CEO: Zhao GuoqingCFO & COO: Guo JianniCRO：TomasCTO: Jiang NingExecutive Assistant of CEO: Valeriy

Machine /deep

learning

Mobile computing

Not disclosed

Knowledge graphBlockchain

http://www.msxf.com/

46


Ant Financial is a financial services provider that started off in 2004 as Alipay. It was rebranded as Ant Financial in 2014 and the company's portfolio includes Yu'E Bao Services and Sesame Credit. Ant Financial’s mission is to promote inclusive finance by establishing an open credit system and providing a secured financial services platform for individual consumers and small and micro enterprises worldwide.

Company description

SSF, PICC, CPIC, China Life, China Post, CDB Capital, Primavera, CIC Capital, CCB Trust


Core technologies

Strategic investors

Key personnel

Cloud computing

Tags: Integrated financial holding, consumer finance, payment, credit investigation

Headquarters location:Hangzhou


Website:http://www.antgroup.com/

Sector / Business scope:Integrated financial services

Application(s): Ant Fortune, Aliloan, Alipay, Sesame Credit, Ant Financial Cloud

Overview


Chairman: Peng LeiCEO: Jing Xiandong

Not disclosed

BlockchainIoT

AI

http://www.antgroup.com/

47


PINTEC is a fintech solutions provider that focuses on big data processing and R&D. The firm aims to provide financial institutions and corporates with efficient fintech solutions and make financial services accessible for all.

Through its innovative B2B2C model, PINTEC is able to cover a wide range of clients ranging from large MNCs to SMEs and individual consumers. “PIN” refers to the needle of a semiconductor processor, which is used for connection. PINTEC strives to be the connector between corporates and financial institutions.

Company description

Ventech, Xiaomi, Shunwei, Investec Bank


Core technologies

Strategic investors

Key personnel

Big data

Tags: Fintech, big data, AI, smarl credit, smart investment consulting



Website:http://www.pintec.com/

Sector / Business scope:Smart loan, smart investment consulting, corporate services

Application(s): Du Miao, Xuanji

Overview


Founder & CEO: Wei WeiCEO, Hongdian Fund: Hu WeiCFO: Shen YanlingCEO, Du Miao: Zhou JingCEO, Xuan Ji: Zheng Yudong

Machine /deep

learning


model

48


Qianbao Jinfu focuses on developing a convenient and efficient big data platform and fintech ecosystem. The company incorporates advanced technologies such as context aware with new finance solutions, providing high quality fintechservices to financial institutions, corporates and individual consumers. Its management team comprises of professionals with banking, consumer finance, asset management, e-commerce and mobile commerce, data technology, risk management and investment background. The majority are highly experienced, having worked at top-tier firms.

Company description

Guangdong Homa Appliances


Core technologies

Strategic investors

Key personnel

Big data

Tags: Context awareness, new finance, fintech



Website: www.qianbao.com

Sector / Business scope:fintech

Application(s): JR.Qianbao, Qianbao Kahuei, Qianbao Car

Overview


Founder: Zhao GuodongDeputy GM: Li YingchenBoard Secretary/Deputy GM: He ShiqiongDeputy GM/CFO: Yang Ruizhi


modelCloud

computing

49


QFPayment is a mobile trading company that utilises big data and AI technologies. It focuses on cloud technology and operates a smart cloud services platform. Established in 2011, the company serves both mainland China and international clients. It operates and manages a data-based platform to help traditional retailers improve their businesses. Headquartered in Beijing, it has operations in Shanghai, Guangzhou, Shenzhen, Nanjing, Hong Kong, Southeast Asia and Japan.

Company description

Sequoia, Matrix Partnership China, Zhong Wei, Capita, Whiz


Core technologies

Strategic investors

Key personnel

Big data

Tags: Big data, mobile payment, precise marketing



Website:http://www.qfpay.com/

Sector / Business scope:New retail, big data, mobile payment

Application(s): Mobile Card Reader

Overview


Co-founder & CEO: Li YinghaoCo-founder & Chairman: Zheng Hangyu

BlockchainMobile

computing

50


Established in Shanghai, iPayLinks has branches in New York, London, Hong Kong and Kuala Lumpur. It aims to facilitate easy cross-border payments by providing one-stop online solutions such as international credit cards and localised payments. iPayLinks focuses on technology development and product innovation to provide cross-border payment solutions to its domestic and foreign customers.

Company description

Fenghuang Xiangrui Internet Investment Funds, Cals Fund

Series A+ financing completed Valuation

Core technologies

Strategic investors

Key personnel

Big data

Tags: Mobile payment, risk management, big data



Website:http://www.ipaylinks.com

Sector / Business scope:Payment

Application(s): Cross-border online payment solution (API/SDK)

Overview


Blockchain

Founder & CEO: Zhen GuogangCFO: Sheng MingmingCOO: Zhou Tao

CTO: Ma LianhaoPartner: Yuan MingliangVP: Lian Kebing

Quantitative model

Cloud computing

51


Samoyed Financial Services (Samoyed) is a fintech company that offers online financial services to its clients. The company is registered in Shenzhen. Its first product, Sheng Bei, provides credit card management, promotion consulting and cross-bank bill payment instalments via low-interest credit cards. It integrates finance with technology, and provides customised financial services to customers through social data mining, risk control modelling and AI.

Company description

UCREDIT, Fortune Capital, Welight Capital, Vision Capital, CITIC Capital, Yonghua Capital


Core technologies

Strategic investors

Key personnel

Big data

Tags: Finetch, model innovation, AI, credit assessment, risk management



Website:http://www.smyfinancial.com/

Sector / Business scope:fintech, internet finance

Application(s): Sheng Bei

Overview

Blockchain

Founder & Chairman: Lin JianmingFounder & CEO: Tang Debin

Quantitative model

Cloud computing


52


Established in 2014, Wetech's primary objective is to create an open financial services ecology that allows easy access for corporates and individuals. To further its ambitions, the firm has established a number of R&D offices globally in order to attract international talent. Its businesses include Wechip (integrated chips), Wecash (the first domestic online credit assessment platform), Wepig (an agricultural supply chain risk control model and an peasant household credit assessment system) and Wecash O2O (a context-aware consumer finance solutions).

Company description

IDG, SIG, China Merchants, Forebright Capital


Core technologies

Strategic investors

Key personnel

Big data

Tags: Big data, AI, machine/deep learning



Website: http://www.wecash.net/

Sector / Business scope:Consumer finance

Application(s): Wecash

Overview

Blockchain

Founder: Zhi ZhengchunCIO: Li HaoCOO: Fan Qinbin

CFO: Chen YanyanCRO: Tang XueweiCMO: Wu Hao

Quantitative model

Cloud computing


http://www.wecash.net/

53


ChinaScope is a fintech company that provides knowledge-driven governance solutions for financial institutions serving corporate clients. Its main focus is to help clients generate insights from complex data in order to facilitate fast-decision making.

ChinaScope is built upon a powerful big data engine that pools information from markets and industries around the globe. Running on natural language processing technologies and a variety of algorithms, ChinaScope can provide clients with financial solutions across a number of different scenarios.

Company description

Moody’s Investors, JD Finance


Core technologies

Strategic investors

Key personnel

Big data

Tags: Fintech, big data, natural language processing, knowledge mapping



Website:http://www.chinascope.com/

Sector / Business scope:Fintech

Application(s): AI+information, AI+mapping, AI+Q&A

Overview

Founder & CEO: Tom LiuFounder & President: Sean ShenCOO: Chen YuqiDirector, Data: Lu ZhongmingChief Scientist: Jia Ning


Machine /deep

learning

Natural language

processing

Knowledge graph

http://www.chinascope.com/

54


RiskRaider is an enterprise credit reference agency that provides big data risk control services. The company specialises in data mining, semantic analysis, machine learning and quantitative modelling for enterprise risk, rating and warning.

RiskRaider provides comprehensive solutions for client credit investigation, anti-fraud, transmission risk and systemic risk prevention, post-transaction dynamic risk monitoring and intelligent warning. It seeks to address the rising demand for effective risk control solutions in industries such as manufacturing, trade, IT and financial services.

Company description

Zhangjiang Torch VC, Feimalv.com, Shan Qi Investment, Oriental Fortune Capital


Core technologies

Strategic investors

Key personnel

Big data

Tags: SaaS, credit assessment, AI, modelling analysis, anti-fraud, risk control



Website:http://www.riskraiders.com/

Sector / Business scope: Big data credit investigation

Application(s): RiskRaider（SaaS）

Overview

Founder & CEO: Zhao JieCo-Founder & SVP: Chen NianGeneral Manager, Product Development: Liu Gang

VP：Qian FengChief Data Scientist: Liao Chenhan


Machine /deep

learning

Natural language

processing

Cloud computing

Quantitative model

http://www.riskraiders.com/

55


Suan Hua Zheng Xin is a professional retail credit risk management services provider. The company consists of a group of personal credit, risk management and data analytics experts with experience in anti-fraud, non-banking credits, conventional credit ratings and credit ratings via big data analytics. The company has also established a credit risk prevention alliance, which provides comprehensive risk management solutions throughout a credit lifecycle via the use of multi-dimensional data mining. The company's vision is to integrate cutting-edge technologies with the sharing of credit information to develop risk control products that the market needs.

Company description

Orient Securities


Core technologies

Strategic investors

Key personnel

Big data

Tags: Credit investigation, early identification of risks, credit assessment, knowledge mapping, risk management



Website:https://www.suanhua.org/

Sector / Business scope:Intelligent risk control

Application(s): Debt Information Sharing, Suanhua Credit Rating, Early Identification of Risks concerning Credit Application

Overview

CEO: Jiang QingjunCo-Founder: Lu Xudong, Sun Jian, XueFeng


Machine /deep

learning

Natural language

processing

Knowledge graph

56

腾云天下


TalkingData is an independent mobile data services platform, which is created based on the company's expertise in data, technology and consulting. The company is committed to transforming the corporate landscape with smart data solutions to facilitate better decision making. Its state-of-the-art big data products are powered by a massive proprietary data set. This includes mobile and gaming analytics, mobile ad-tracking, cloud marketing and consulting. Its clientele consists of enterprises in both internet and traditional industries.

Company description

Milestone Capital, SBCVC, Northern Light VC


Core technologies

Strategic investors

Key personnel

Big data

Tags: Big data, cloud services, precision marketing



Website:https://www.talkingdata.com/

Sector / Business scope: Big data

Application(s): App Analytics, Smart Marketing Cloud, Ad Tracking, Data Market、DMP Plus

Overview

Co-Founder & CEO: Cui Xiaobo


Machine /deep

learning

Cloud computing

57


Tianchuang Credit is a credit company that focuses on the auto, agriculture and consumer finance sectors. The company adopts big data analytics to assist clients in building their core risk control capabilities. Tianchuang calls on the use of data and machine learning, which enhances the efficiency and control of approval procedures for financial institutions.

The company has also developed an analytics platform for financial institutions to strengthen their risk management capabilities. By applying its risk control solutions to the agricultural sector, Tianchuang is helping to drive the financialdevelopment of farming and rural areas.

Company description

Yeepay Group, Da Bei Nong Group, Future Science Park

Angel financing completed Valuation

Core technologies

Strategic investors

Key personnel

Big data

Tags: Risk control, credit assessment, data-driven, AI, agriculture, rural areas and farmers



Website: http://www.tcredit.com/

Sector / Business scope: Big data credit reference

Application(s): Fengyunjue, Nongxinhui, Chengxinbang

Overview

Founder & CEO: Li WenxianCTO: Gao Shaofeng CRO: Zhang Yu CDO: Zhao Qianli


Machine /deep

learning

Knowledge graphBiometrics Blockchain

58

Distributed computing


BeagleData develops big data software and distributed AI algorithms. The company has been involved with fintechsince its inception and has partnered with joint-stock banks, insurance companies and online financial companies. Its banking projects cover a wide range of AI models such as credit fraud detection, application rating, behavioural rating and overdue receivables collection across an entire loan cycle. Its insurance projects cover data warehouse consumerisation and precision marketing. As for online finance, its models include revolving guarantees, multiple-bank borrowing analysis and missing item recovery, which are used for early identification of credit frauds, credit ratings, consumer finance and supply chain finance.

Company description

Tian Suning, He Weiliang, Guo Yuhang


Core technologies

Strategic investors

Key personnel

Big data

Tags: Big data, AI, machine learning, complex network



Website:http://www.beagledata.com/

Sector / Business scope: Big data

Application(s): Credit rating, fraud detection, supply chain finance, log analysis

Overview

Founder: Lei TaoPartner: Li CongwuVP R&D: Xing Jianwei

Data Science: Tan KehuaDistributed Computing: Qiao WanglongData Science: Lv Hui


Machine /deep

learningAI

http://www.beagledata.com/

59


Tongdun Technology is a risk management service provider that specialises in the use of AI technologies. It covers a wide range of sectors, including banking, microfinance, insurance, fund management, third-party payment, online travel agencies, e-commerce, O2O, gaming and social media. It strives to become a leading risk management service provider through constant innovation in order to improve the reliability of its solutions. Tongdun operates in Hangzhou, Beijing, Shanghai, Shenzhen, Guangzhou, Chengdu, Xi’an and Chongqing.

Company description

IDG, China Growth Capital, CBC, Linear Venture, Qiming Venture Partners, Advantech Capital, Oriza PE Fund, Cinda Asset, Tiantu Capital, Temasek


Core technologies

Strategic investors

Key personnel

Tags: AI, fintech, risk control, anti-fraud, risk management



Website:https://www.tongdun.cn/

Sector / Business scope:Intelligent risk management

Application(s): TongdunTechnology

Overview

Founder & CEO: Jiang TaoCo-Founder: Zhu WeiCo-Founder: Zhang Hao

Co-Founder & CSO: Ma JunquCo-Founder & CRO: Dong LiuhuanVP, Technology: Zhang Xinbo


Machine /deep

learningAI Blockchain

Cloud computing

60


Pay Egis is a fintech security company that specialises in identity authentication, anti-fraud, credit security and mobile security. It provides trust-based services for government agencies, banks and third-party payment institutions as well as online financial, e-commerce and social media platforms. Headquartered in Suzhou, it has operations in Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and Chengdu. Leveraging on its suite of security products as well as AI and big data analytics capabilities, Pay Egis assists clients in building their self-learning security system to protect against cybersecurity risks.

Company description

GPCP, Sino-Century, PreIPO Venture Capital, ChinaEquity Group


Core technologies

Strategic investors

Key personnel

Tags: Data-driven, AI, anti-fraud, credit assessment

Headquarters location:Suzhou


Website:https://www.tongfudun.com/

Sector / Business scope:Fintech security

Application(s): Pay Egis, Dun Cloud

Overview

Founder & CEO: Wang DejiaCTO: Hu ZhenzhongCFO: Chen Yi

Machine /deep

learning

BlockchainBig dataProportion of technical personnel

61


DataYes is founded by a group of highly-experienced finance and IT professionals. Through the use of innovative technologies and investment philosophies, the company aims to become a world-class financial services platform. The company is headquartered in Shanghai and has branches in Beijing, Nanjing, Shenzhen and the Silicon Valley.

DataYes’ products include RoboR, Uqer, FOF/MOM management and Robo Advisory Service. The company’s intelligent investment management platform caters to professional and retail investors alike.

Company description

Wanxiang Group

Valuation

Core technologies

Strategic investors

Key personnel

Tags: AI, big data, robo-advisory, robo-research, SaaS



Website:http://www.datayes.com/

Sector / Business scope:Intelligent investment

Application(s): RoboR, Uqer, Robo Advisory Service, MOF（Web）

Overview

Machine /deep

learning

Big dataProportion of technical personnel

Not disclosed

Founder & Chairman: Xiao Feng Founder & CEO: Jim Wang

Quantitative model

Cloud computing

62

挖财记账挖财钱管家挖财宝

挖财信用卡管家挖财股神挖财社区


Wacai specialises in bookkeeping services, in particular for clients who tend to be omitted from mainstream financial services. Its bookkeeping and financial management apps are highly popular with individual users and Wacai has successfully positioned itself as a distinct online asset management platform that serves the wider community. In 2016, the company established an online asset management postdoctoral centre as it seeks to position itself as an industry think tank.

Company description

CDBII, CBC, New Horizon Capital, QIMING, Ally Bridge Group


Core technologies

Strategic investors

Key personnel

Tags: Big data, cloud computing



Websitehttp:/www.wacai.com/

Sector / Business scope:Online finance

Application(s): Ji Zhang, Guan Jia, Wacaibao, Credit Card Butler, Wacai Community

Overview

Founder & CEO: Li Zhiguo President: Gu Chenwei


Mobile computing

63


VZOOM Credits is a big data credit investigation and risk control service provider. It is one of the first in the industry tobe licenced by the Shenzhen municipal government and is partnerships with a number of banks. VZOOM’s public tax and banking services platform not caters to larger clients, but also small and medium-sized enterprises. In addition, the company, together with the tax authorities and several lenders, established the country’s maiden fully-automated corporate financing product approval platform. The has helped drive fintech innovation and the development of inclusive finance. The company also emphasises on the development of cloud computing and big data technologies.

Company description

IDG, Homa Appliances, Micro Jinke

Valuation

Core technologies

Strategic investors

Key personnel

Tags: Credit investigation, big data, AI, quantitative model, model innovation



Website:http://www.vzoom.com/

Sector / Business scope: Big data credit reference

Application(s): Wei ZhongShui Yin

Overview

Machine /deep

learning


Founder & Chairman: Zhao YanhuiCo-Founder & COO: Zeng Yuan General Manager & CEO: Geng Xinwei


64

微众银行微粒贷微车贷

Not disclosed


Established in 2014, WeBank positions itself as a “connector” that brings together the world of finance, technology, consumer credit and banking in order to meet the needs of its clients. WeBank emphasises on the development of fintech. Its maintains its competitive edge by constantly improving its AI, blockchain, cloud computing and big data capabilities. This empowers its partner financial institutions, allowing them to become more tech-savvy, lower costs and provide better financial services.

Company description

Tencent, BYY Investment, Li Ye Group

Valuation

Core technologies

Strategic investors

Key personnel

Tags: Online banking



Website:http://www.webank.com

Sector / Business scope:Online banking

Application(s): Webank

Overview

Chairman: Gu Min President: Li NanqingChief Supervisor: Liang Yaolan


BiometricsCloud

computing

65


Founded in Hong Kong, WeLab expanded into the mainland in 2014. It runs a mobile lending platform (WeLab) on the mainland and a P2P lending platform (WeLend) in Hong Kong. WeLab’s self-developed risk management system can consolidate and analyse unstructured mobile data, which would then be used to assess the risk levels of clients. This allows it to come to a quick lending decision. Its services are catered for workers, businesses, micro, small and medium-sized enterprises, financial institutions and internet platforms.

Company description

TOM, Sequoia, Khazanah Nasional Berhad, ING, Alibaba Entrepreneurs Fund, CCB International, IFC

Valuation

Core technologies

Strategic investors

Key personnel

Tags: Technology and finance, P2P lending, risk control, AI

Headquarters location:Shenzhen, Hong Kong


Website: www.wolaidai.com

Sector / Business scope: Big data risk control

Application(s): WeLab（Mainland App), WeLend（Hong Kong Web）

Overview

Machine /deep

learning


Founder & CEO: Simon LoongCo-Founder & COO: Wang Guoyi

Series B+ and strategic financing completed

Mobile computing

66


51 Credit Card is a liability management, financial and technology services provider. In addition, it has an investment fund that focuses on upstream and downstream enterprises. The company’s goal is to promote inclusive finance. It is one of the pioneers of the China Internet Financial Association and is a member of the Zhejiang Internet Financial Coalition as well as the Hangzhou Internet Financial Association.

Company description

SIG, Crystal Stream, GGV, JD, MI, Xinhu Zhongbao, Tiantu Capital, Harvest Investments, Yintai Group, FunCity, HG Capital, Qianhe Capital, Aplus, Guosen H&S

Valuation

Core technologies

Strategic investors

Key personnel

Tags: Technology and finance, consumer finance, big data, model innovation, AI



Website: https://www.u51.com/

Sector / Business scope:Fintech, consumer finance

Application(s): u51 Credit Card Management, u51 Character, u51 Character Lending, Geinihua

Overview


Founder & CEO：Sun HaitaoCFO： Zhao KeCRO：Jiang YanqingVP： Yang YuzhiCTO： Guo Wei

Series C（C、C+）financing completed

Mobile computing

Knowledge graph

概况

67


YRD is an established financial services platform that provides customers with customised credit loan advisory services and wealth management services. Its Yirendai Enabling Platform (YEP) provides financial institutions, P2P lending platforms credit assessment, risk control and account-based marketing services. YEP leverages on the firm’s strong financial data, risk control, anti-fraud and customer acquisition capabilities. Its clientele consists of a number of large mainland institutions.

Company description

CreditEase

Valuation

Core technologies

Strategic investors

Key personnel

Tags: Technology and finance, consumer finance, data-driven, risk management



Website:http://www.yirendai.com/

Sector / Business scope: Fintech

Application(s): YRD Lending , Yiren Wealth Management

Overview


Founder: Tang NingGeneral Manager: Fang Yihan

Listed on the New York Stock Exchange in 2015

Mobile computing

Knowledge graph

CEO: Chen JinCLO and Board Secretary: Zhang YongboCMO: Wu TiCOO: Xu WeiCTO: Jiang Xing

68


Zhong An Insurance focuses on online insurance and has developed a number of products based on various consumption patterns and scenarios. It incorporates innovative technologies such as mobile internet, cloud computing and big data into its products. This includes automatic claims settlement, marketing, risk controls and back-end claims services, strengthening the financial protection of its clients’ travelling, shopping, healthcare, investment and wealth management activities. Its data-driven risk management system is supported by dynamic-pricing and risk-tracking technologies.

Company description

Ant Financial, Tencent, Ping An Insurance, MSPE, CICC, CDH Investments, SAIF, Keywise

Valuation

Core technologies

Strategic investors

Key personnel

Tags: Online insurance, AI, blockchain, cloud computing, big data



Website:https://www.zhongan.com/corporate/

Sector / Business scope:Online insurance

Application(s): Zhong An Insurance

Overview


Listed on the Main Board of the Stock Exchange of Hong Kong

BiometricsCloud

computingMachine

/deep learning

Blockchain

04Appendix I Global comparison

Appendix II Regulatory updates

Appendix III External experts

Appendix IV KPMG China fintech partners

Appendix V Glossary

Appendix


Appendix I Global comparison

2017 China Fintech 50Fintech

502017 Global Fintech 100

Lending,�consumer�and�

situational�finance

Payment�technology

Insurtech

Wealth�management,�transaction�and�capital�markets

Integrated�financial�technology

Big�data�and�data�analytics

Blockchainand�digital�currency

Regtech

Secutech

Crowdfunding

Neo Growth

MoneyMe Financial Group

Affirm

Kreditech kabbage

sofi

Atom bank

solarisBank

Funding Circle

avant

Spotcap

LendingkartWeLab

Lendix

Future Finance

OnDeckProspa

Borrowell

iwoca

Creamfinance

AutoGravity

ValiantLendify

GuiaBolso Kueski

LendingClub

Captital Float

FuYouKeChe

QuantGroup

51 Credit Card

Jianpu Technology

Dianrong

Wecash

Fox Fintech

Group

MSXF

WeLabYRD

Flutterwave Inc

KredX

Pushpay Cherri Tech, Inc

PayFitiyzico

Lydia

Viva RepublicazipMoney SatispayPockit

iZettle

Klarna

Adyenstripe

Revolutsquare

AfterPay Touch

NubankTenpay Chinapnr

CoverGenius

CoverWallet

GrassRoots Bima Sherpa Cuvva

League Clark Germany GmbH

VertaaEnsinAlan

Clover Health

OscarHUIZEZhongAn

Insurance

Ping++

99bill Corporation

QFPAY

Fumi Technology

FutuSecurities Moneytree

Neyber StashMacrovue Riby

AdviceRobo

WealthSimple

lufax Robinhood

Raisin Tic:Toc

JD Finance

Lufax Ant Financial

Baidu Financial Service Group

PINTEC WeBank Leveris

SensibillZaveapp TokenSoCash Qonto

RiskstormVZOOM CREDIT

BaifendianGroup

TalkingData

IceKredit

3GOLDEN

100credit

BeagleData

Juxinli

Suan Hua Zheng Xin

Dingfu Da

Sanoyed

ChinaScope

RiskRaider

Tongdun

Datayes

ThetaRaykenshoHyper AnnaBud

Banqer

OnchainBubi Chain Coinbase IbanFirstXapoCircle

VATBoxsecure key Airwallex

AimBrain Trusona IncSilent8

OurCrowd

Tiger Brokers

JINFUZI

QianBaoFinancial

iPayLinks

TianChuangCredit

Pay Egis

WACAI

70


Appendix II Regulatory updatesDate of Issuance

File no Policy name IssuerOfficial

linkQR code link

2017

January

Yin Ban FaNo.

〔2017〕10

Notice of the General Office of the People's Bank of China on Matters concerning Implementing the Centralized Deposit of the Funds of Pending Payments of Clients of Payment Institutions

PBC /

January

Guo Wu Yuan Ling No. 292

Opinions on Promoting the Sound and Orderly Development of Mobile Internet

General Office of the State Council

http://www.gov.cn/zhengce/2017-01/15/content_5160060.htm

February

Yin Jian Ban Fa No.

〔2017〕21

Notice of the General Office of the China Banking Regulatory Commission on Promulgation of the Guidelines for the Depository Business of Peer-to-Peer Lending Funds

CBRC

http://www.cbrc.gov.cn/govView_4201EF03472544038242EED1878597CB.html

March

Yin Jian Ban Fa No.

〔2017〕42

Notice of the General Office of the China Banking Regulatory Commission on Effectively Providing Financial Services for Micro and Small Enterprises in 2017

CBRC

http://www.cbrc.gov.cn/govView_87E2657FAE6842CD831D074C49717A85.html

MarchGuo Fa No.〔2017〕22

Article 12 of the Opinions of the State Council on the Assignment of Key Work among Departments for the Implementation of the Report on the Work of the Government

State Councilhttp://www.gov.cn/zhengce/content/2017-03/28/content_5181530.htm

March /

Article 2 of the Report on the Work of the Supreme People’s Prosecuratorate（2017）

SPPhttp://www.spp.gov.cn/gzbg/201703/t20170320_185861.shtml

March /

Article 2 of the Report on the Work of the Supreme People’s Court（2017）

SPChttp://www.court.gov.cn/fabu-xiangqing-37852.html

April

Guo Ke FaChuang No.〔2017〕104

Notice on Issuing the 13th Five-year Plan on National Technological Innovation Projects

MOST

http://www.most.gov.cn/mostinfo/xinxifenlei/fgzc/gfxwj/gfxwj2017/201705/t20170503_132603.htm

April

Yin Jian FaNo.

〔2017〕6

Guiding Opinions of the China Banking Regulatory Commission on Risk Prevention and Control of the Banking Sector

CBRC /

May

Guo Ke FaHuo No.〔2017〕157

Notice of the Ministry of Science and Technology on Issuing the 13th Five-year Special Plan for the Development of Technology Markets

MOSThttp://www.most.gov.cn/tztg/201706/t20170609_133458.htm

MayYin Jian Fa

No.〔2017〕26

Notice on Further Strengthening Regulation and Management of Campus Loan

CBRC MOE

MOHRSS

http://www.cbrc.gov.cn/govView_597C8FD3115A4E0FBE730E25009E18D1.html

May /

Notice of the General Office of the Ministry of Commerce on Conducting the Risk Screening of the Financial Leasing Industry

MOChttp://www.mofcom.gov.cn/article/h/redht/201705/20170502570744.shtml

June

Gao Jian Su No.

〔2017〕14

Minutes of the Symposiums of the Supreme People's Procuratorate on Issues concerning Handling Internet-related Financial Crime Cases

SPPhttp://www.jaxga.gov.cn/article/showarticle.asp?articleid=956

July

Bao Jian CaiXian No.〔2017〕180

Notice of the China Insurance Regulatory Commission on Issusing the Interim Measures for the Supervision of Credit and Guarantee Insurance Business

CIRChttp://www.circ.gov.cn/web/site0/tab5176/info4076391.htm

JulyGuo Ban Fa

No.〔2017〕2

Article 3.1 of The Notice of the General Office of the State Council on Issuing the 13th Five-year Plan on the Development of the National Emergency Response System


http://www.gov.cn/zhengce/content/2017-07/19/content_5211752.htm

JulyGuo Fa No.〔2017〕35

Notice of the State Council on Issuing the Development Plan on the New Generation of Artificial Intelligence


The above information is based on publicly available sources, and does not constitute a full representation of the policies involved.The list is for reference only. Please contact relevant authorities for details.

71


Date of Issuance

File no Policy name Issuer Official link QR code link

2017

AugustYin Jian Ban No.〔2017〕

113

Notice of the General Office of the China Banking Regulatory Commission on Issuing the Guidelines for the Disclosure of Information on the Business Activities of Online Lending Information Intermediary Institutions

CBRC

http://www.cbrc.gov.cn/govView_C8D68D4C980A4410B9F4E21BA593B4F2.html

August

Yin FaNo.

〔2017〕189

Notice on the Launch of Special Action against Prepaid Card Malpractices

PBChttp://www.mofcom.gov.cn/article/h/zongzhi/201709/20170902641561.shtml

September

Gong Xin Bu Xin Ruan No.〔2017〕227

Notice of the Ministry of Industry and Information Technology on Issuing the Three-year Action Plan on the Development of Industrial E-commerce

MIIT

http://www.miit.gov.cn/n1146295/n1652858/n1652930/n3757022/c5816325/content.html

October

GuoBan Fa

No.〔2017〕

84

Guiding Opinions of the General Office of the State Council on Vigorously Advancing the Innovation on and Application of Supply Chains



November /

Risk Warning on Preventing Illegal Financial Trading Activities via Web Platform NIFAC

http://www.nifa.org.cn/nifa/2955675/2955761/2969138/index.html

2016

January /

Interim Measures for the Administration of the Business Activities of Online Lending Information Intermediary Institutions (Consultation Paper)

CBRC

http://www.gov.cn/xinwen/2015-12/28/content_5028564.htm?&from=androidqq

March /

Article 17 of the Outline of the 13th Five-Year Plan for the National Economic and Social Development of the People's Republic of China

NPChttp://www.gov.cn/xinwen/2016-03/17/content_5054992.htm

March

Yin FaNo.

[2016]92

Guiding Opinions on Enhancing the Financial Support for New Consumption Areas

PBCCBRC

http://www.cbrc.gov.cn/chinese/home/docDOC_ReadView/FB21DA0230164DC680DE56502CB573DD.html

March

Guo FaNo.

[2016]21

Article 6 of the Opinions on Key Work for Deepening the Reform of the Economic System in 2016


March /Self-disciplined Pact of the National Internet Finance Association of China

NIFAChttp://www.nifa.org.cn/nifa/2955692/2955730/2957682/index.html

AprilYin Jian Fa No.

[2016]14

Guiding Opinions on Supporting Intensification of Innovation by Banking Financial Institutions to Launch a Pilot Project for Interlinked Investment in and Lending to Scientifically Innovative Enterprises

CBRCMOSTPBC

http://www.cbrc.gov.cn/chinese/home/docDOC_ReadView/D9CB8D9B69D241B1AB3AE54855BF5B55.html

April

Gong ShuangBan ZiNo.

〔2016〕61

Notice on Issuing the Implementation Plan for Conducting the Special Rectification on Risks in Internet Financial Advertisements and Financial Activities in the Name of Investment and Wealth Management

SAIC /

April

Yin Jian Fa No.〔2016〕11

Notice on Issuing the Implementation Plan for the Special Rectification of P2P Lending Risks CBRC

http://www.cbrc.gov.cn/chinese/home/docDOC_ReadView/D81B52D3D20A49A99522C48FA8F1C752.html

May

Fa Gai Ban Gao Ji No. [2016]1284

Article 2 of the Notice on the Work of Promoting the Development of E-commerce

NDRChttp://www.gov.cn/xinwen/2016-05/31/content_5078335.htm


72



Date of Issuance

File no Policy name IssuerOfficial

linkQR code link

2016

May

Equities Exchange and Quotations

Notice No.[2016]36

Notice on Issues Concerning the Financing of Financial Enterprises Listed on the National Equities Exchange and Quotations System

National Equities Exchange and

Quotations Co. Ltd.

http://www.neeq.com.cn/notice/2968.html

May Guo Fa No.[2016] 28

Guidelines of the State Council on Deepening the Integrated Development of the Manufacturing Industry and the Internet


JuneYin Zheng Xin No.

[2016] 5

Measures for the Administration of the Credit Investigation Industry (Draft)

Credit Investigation Bureau of the central

bank/

JuneZhong Zhi Xie Ji

Biao Fa No.[2016] 1

Guidelines on the Technologies for the Protection of Personal Information

Technical Standards Committee of the

Payment and Clearing Association of China

http://www.pcac.org.cn/index.php?optionid=780&auto_id=2250

June Zhong Zhi Xie Ji Biao Fa No. [2016] 2

Guidelines on IT Risk Management of Non-banking Payment Institutions


Payment and Clearing Association

of China


June Zhong Zhi Xie JiBiao Fa No. [2016] 3

Standard System forNon-banking PaymentInstitutions


Payment and Clearing Association

of China


June /

Provisions on theAdministration of MobileInternet ApplicationsInformation Services

State Internet Information Office

http://www.cac.gov.cn/2016-06/28/c_1119122192.htm

July /

Opinions on the Regulatory Guidance for the Development of Information Technology in the Banking Sector for the 13th Five-year Period (Discussion Draft)

CBRC

http://www.cbrc.gov.cn/chinese/home/docView/1940BD4B2D7740CC90F4FE4C6B3CD316.html

August

Decree [2016] No. 1 of the China Banking

Regulatory Commission, the

Ministry of Industry and Information Technology, the

Ministry of Public Security and the State Internet Information

Office

Provisional Measures for the Administration of Business Activities of Internet Lending Information Intermediaries

CBRChttp://www.cbrc.gov.cn/govView_37D312933F1A4CECBC18F9A96293F450.html

September

Guo Fa No.[2016] 43

Article 3 of the Notice on Issuing the National Scientific and Technological Innovation Plan for the 13th Five-year Period


November Guo Fa No.[2016] 67

Article 2 of the Notice onIssuing the National StrategicEmerging IndustriesDevelopment Plan for the13th Five-year Period



73




Appendix III External experts

Fintech

50

Pingzuo ZOU

Senior Researcher

Research Institute of the People's Bank of China

Youwen HU

Chief Computer Analyst Essence Securities

Shuo BAI

Executive Director

Chinese Information Processing Society of China

Former Chairman of the Shanghai Securities Communication Company,Bai is the Chief Technology Officer of Shanghai Stock Exchange. Bai helda leadership position at the National Computer Network and InformationSecurity Management Center. He has worked at the Institute ofComputing Technology of the Chinese Academy of Sciences as aresearch fellow and Chief Scientist of Software. He is the Chairman of theTechnology Committee of ChinaLedger. His major research topics includeblockchain and AI applications in finance.

Hu is the Executive Director and Chief Computer Analyst at EssenceSecurities. His main publications include Blockchain: Online Poetry andDistance, Fintech Opens A New Door for Wealth, AI: The Glittering Pearlon the Crown of Contemporary Science, AI Enters the Era of AssetManagement, The Chip Battle: Research and Development Strategy forAI Chips and Deep Learning: The Magic Wand of AI.

Zou is a senior researcher at the Research Institute of the People’s Bankof China. His major research topics include theoretical economics andfinance. His research findings in value measurement model, economicgrowth theory, financial regulation, financial ecology and scientificdevelopment have gained considerable recognition. His majorpublications include Economic Interpretation of the FinancialDevelopment Concept, The Study of Financial Regulation, The Report onChina’s Financial Stability, The Study of Finance and China’s FinancialStrategic Options – A Strategic and Innovative Approach to China’sTechnological Banking System and Technical Design.

74


Appendix IV KPMG China fintech partners

Fintech

50

75

Jacky ZouVice Chairman,KPMG China

Simon GleaveRegional Head of

Financial Services,KPMG Asia Pacific

Edwina LiHead of Financial Services

Assurance,KPMG China

Abby WangPartner,

Financial Services

Allen LuPartner,

Corporate Services

Anthony LeePartner,

Financial Services

Arthur WangHead of Banking,

KPMG China

Brian ChanPartner,

Financial Services

Chris WangPartner,Advisory

Eric PangPartner,

Financial Services

Felix ChenPartner,Advisory

Forrest WuPartner,

Financial Services

Henry NgaiPartner,

Tax

Irene ChuPartner,

Corporate Services

Ivan LiPartner,

Financial Services

James ChenPartner,

Financial Services

James MckeoghPartner,Advisory

Jessica XuPartner,Advisory

John WangPartner,

Corporate Services

Kenny ShiPartner,

Financial Services

Kevin LiuPartner,Advisory

Lang Lang XuPartner,Advisory

Larry ChoiPartner,

Financial Services

Longhua ZhangPartner,Advisory

Louis NgPartner,

Financial Services

Martin ZhangPartner,Advisory

Michael LiPartner,

Tax

Philip NgPartner,Advisory

Sam ShiPartner,

Financial Services

Sandra ZuoPartner,

Financial Services

Thomas ChanPartner,

Financial Services

Tracy ZhangPartner,

Tax

Walkman LeePartner,

Financial Services

Andrew HuangPartner,

Financial Services

Edward DouPartner,

Financial Services

(By�alphabetical�order�of�first name）


Appendix V GlossaryNo. Abbreviation Full name

1 GGV GGV Capital

2 IDG Capital IDG Capital Partners

3 ING International Netherlands Group

4 SIGSusquehanna International Group of Companies

5 WR Capital Beijing Wanrong Times Capital

6 Dongshu VC Shanghai Dongshu Venture Capital7 OFC Oriental Fortune Capital

8 CITIC CITIC Capital

9 PICCThe People’s Insurance Company (Group) of China

10 China Life China Life Insurance (Group) Company

11 CPIC China Pacific Insurance (Group) Company

12 China Taiping China Taiping Insurance Group

13 CM CM International Financial Leasing

14 CICCChina International Capital Corporation and related institutions

15 BOCGI Bank of China Group Investment

16 Yunqi Yunqi Partners

17 YFC Yunfeng Capital

18 Yizhuang Internet Fund Yizhuang Internet Fund

19 JD Finance JD Finance

20 Renren Beijing Qianxiang Wangjing Technology

21 ChinaEquity ChinaEquity Group

22 Oriza Oriza Equity Investment Fund Management

23 EBSC Everbright Securities Company

24 Lightspeed Lightspeed China Partners

25 Phoenix Auspicious Phoenix Auspicious Fintech Investment LP

26 Cals Shanghai Cals Aviation Fund Management

27 KPCB Kleiner Perkins Caufield Byers

28 CDF CDF Capital

29 NLVC Northern Light Venture Capital

30 Qianhe Capital Qianhe Capital Management

31 China Growth Capital China Growth Capital

32 HG Capital HG Capital

33 CHAMC China Huarong Asset Management Company

34 Huaxi Holding Huaxi Holding

35 Bojang Capital Bojang Capital Management Group

36 Lingyu Hongguan Fund Lingyu Hongguan Fund

37 Wu Capital Wu Capital

38 Legend Capital Legend Capital

39 Qiming Venture Qiming Venture Partners

40 QF Capital QF Capital

41 WH Capital Will Hunting Capital

42 Harvest Fund Harvest Fund

43 Harvest Investments Harvest Investments

44 Guosen H&S Guosen H&S Investment

45 Guosen Securities Guosen Securities

46 Leading Capital Leading Capital

47 China Development Bank International

China Development Bank International Investment

48 China Development Bank Capital China Development Bank Capital

49 Guotai Jun’an Guotai Jun’an Securities (Hong Kong)

50 Guoke Dingxin Beijing Guoke Dingxin Investment Centre

76

No. Abbreviation Full name

51 Mobai Capital Shenzhen Qianhai Mobai Asset Management

52 Tiantu Capital Shenzhen Tiantu Capital Management

53 Homa Appliances Homa Appliances

54 CBC Capital China Broadband Capital Partners

55 Mi Beijing Xiaomi Technology

56 Ping An Insurance Ping An Insurance (Group) Company

57 CCB Trust CCB Trust

58 CCB International China Construction Bank (Holdings)

59 Hongdao Capital Beijing Honghe Investment Center

60 Zhangjiang Torch Shanghai Zhangjiang Torch Venture Capital

61 Lakala Beiing Lakala Internet Investment Fund

62China Merchants Innovation Investment

China Merchants Innovation Investment Management

63 GIC Government of Singapore Investment Corp

64 Temasek Temasek Holdings (Private)

65 New Horizon Capital New Horizon Capital

66 Xinhu Zhongbao Xinhu Zhongbao Co.

67 Shan Qi Investment Shanghai Shan Qi Investment Center

68 GPCP Shenzhen Green Pine Capital Partners

69 Bridge Capital Bridge Capital

70 CMBC China Minsheng Bank Corporation

71 CMBC International CMBC International Investment

72 Sino-Century Sino-Century China Private Equity Partners

73 Zhejiang Daily Media Zhejiang Daily Media Group

74 Yonghua CapitalShanghai Yonghua Investment Management

(Shanghai)

75 DL Capitals Dianliang Investment Management (Shanghai)

76 Milestone Investment Milestone Investment Management

77 Baiyeyuan Investment Shenzhen Baiyeyuan Investment

78 Baidu Baidu.com, Inc

79 Interactive Brokers Interactive Brokers Group

80 Vangoo Capital Vangoo Capital Partners

81 Peakview Capital Peakview Capital

82 ZhenFund Beijing Zhen Fund Management

83 Social Security Fund National Council for Social Security Fund

84 Liye Group Shenzhen Liye Group

85 Sequoia Capital Sequoia Capital and related institutions

86 Linear Venture Shanghai Linear Venture

87 UMF Union Mobile Financial Technology

88 Tencent Holdings Tencent Holdings

89 Ant Financial Ant Financial Services Group

90 Tibet Collar FengTibet Collar Feng Xin Clothes Venture Investment Partnership

91 SAIF SAIF Partners

92 Fortune Capital Shenzhen Fortune Venture Capital

93Eastern Bell Venture Capital

Eastern Bell Venture Capital Management

94 Grand Yangtsz Capital Shanghai Grandyangtze Capitlal

95 Sunshine Insurance Sunshine Insurance Group

96 Shun Wei Beijing Shunwei Venture Capital

97 Lingfeng Capital Lingfeng Capital

98 Feima Fund Shanghai Flying Horse Brigade Equity Investment Center (L.P.)

99 Hillhouse Capital Hillhouse Capital Management

100 Milestone Capital Milestone Capital


8 2016 China Leading Fintech 50KPMG China published the widely recognised China Leading Fintech 50 in 2016.

8 20 pain points in China’s banking transformation and fintechsolutionsKPMG China published the Chinese version in August, 2017.

8 New opportunities for direct banks in China

KPMG China published the Chinese version in September, 2017.

77

KPMG China Leading Fintech 50 Series


8 KPMG Global Fintech 100KPMG releases the Global Fintech 100 annually (Fintech 100), which include 50 leading companies and 50 fast-growing companies.

8 The Pulse of FintechKPMG releases the Pulse of Fintech quarterly (Pulse of Fintech), which sumarises the key

development trends in the fintech sector.

2017

2016

2017

2015

78

KPMG International’s fintech achievements


• 70 years in Hong Kong

Hong Kong operations established since 1945.

• 1st with a license in China

In 1992, KPMG became the first international accounting network granted a joint venture

license in mainland China.

• 1st approved Special General Partnership (SGP)

As of 1 August 2012, KPMG China was the first among the Big Four in mainland China to

convert from a joint venture to a special general partnership.

KPMG China

has around 10,000

partners and staff

16cities across China

79

About KPMG China

KPMG China has launched the 2017 China Leading Fintech 50 with the aim of promoting a better exchange of ideas and fostering innovation in the financial services sector. This should not be mistaken for investment advice and does not constitute a formal interpretation of existing regulatory policy.

Disclaimer:

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


The KPMG name and logo are registered trademarks or trademarks of KPMG International.

kpmg.com/cn/socialmedia

For a list of KPMG China offices, please scan the QR code or visit our website:https://home.kpmg.com/cn/en/home/about/offices.html.

Documents

2017 China Leading Fintech 50 - assets.kpmg · representatives from KPMG China as well as from KPMG Global, with expertise in IT, data, capital markets, venture capital, risk control,