ZhongAn Insurance (HK:6060) is the first online-only Insurance technology company in China, which was established by Jack Ma from
Alibaba Group (NYSE: BABA), Pony Ma from Tencent (HK:0700) and Mingzhe Ma from Ping An Insurance (SHA:601318). Total income in 2017 was 5,583 million RMB (roughly 810 million USD) and increased by about 65%.
Alibaba has barely been
trading at the NYSE for five years. The company had its IPO on 18th September 2014, and by close of trade, Alibaba had raised US$25 billion. It’s still the world’s highest IPO valuation to date. The next morning, when Alibaba officially started its run in the NYSE, the company was valued at US$231 billion, a figure it has doubled in half a decade. It holds position 9 in the list of the Top 10 global companies by brand value.