1. Zhong An Online Property Insurance
The "Three Mas" jointly set up the country's first online insurer Zhong An Online Property and Casualty Insurance in November 2013.
With a registered capital of 1 billion yuan, the joint venture, headquartered in Shanghai, aims to focus on enterprise and family property insurance, cargo transportation insurance and liability and guarantee insurance, according to a notice published on the website of Shanghai Administration for Industry and Commerce.
Alibaba, with a 19.9 percent stake, is the new company's biggest shareholder, while Ping An Insurance and Tencent each hold a 5 percent stake.