Tycoons, Insurance Firm Mull Web Financing, Sources Say
(Beijing) – Two Internet tycoons have joined hands with the country's leading insurance provider to explore web-based financing business, sources say.
The three parties are represented by Jack Ma, Ma Huateng and Ma Mingzhe. They just established a joint-venture company in Shanghai, a source close to the situation said.
Jack Ma is the founder and chairman of e-commerce conglomerate Alibaba Group. Ma Huateng founded and heads China's most popular social networking company, Tencent Holdings. Ma Mingzhe is the chairman of the second-largest life insurer, Ping An Insurance Group.
- Lianghui Roundup: March 6
- Gov't Plans Budget Deficit of 1.62 Tln Yuan, Finance Ministry Says
- Why Gov't May Be Shifting Stance on Family Planning
- Taking Aim
- That's a Wrap
- NPC to Get Proposals for Clearing up Way Laws Are Enacted
- Speculation on CDIC Article about Corrupt Prince 'Ridiculous'
- Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia
- Paint by Numbers: China's Art Factory from Mao to Now
- Gov't Making Little Progress Cutting Links with 'Social Groups,' Report Says
- Sign up to receive our free daily newsletter
- China's Factories Are Building a Robot Nation
- Can Market Mechanisms Clear China's Bad Air?
- HR Head of Alcatel-Shanghai Bell 'Found Dead in Shanghai River'
- Minsheng Tries Weathering a Maelstrom
- Three Private Shipping Companies Run into Financial Troubles
- Closer Look: Local Officials Have Little Love for National Hukou Reform
- Media Watch: Former Star Reporter Causes Stir with Smog Documentary
- State Patronage Divides Confucian Intellectuals
- Tourism Tensions Have HK Mulling Limits on Visitor Numbers
- Taiwan Gov't Tells Alibaba to Withdraw an Investment from Island