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Disruption&4603The04AppendixDisruption&4603The04AppendixIAppendixIIAppendixGlobalcomparisonRegulatoryupdateKPMGChinaFintechGlossaryofabbreviatedAboutKPMGContactTheinformationcontainedhereinisofageneralnatureandisnotintendedtoaddressthecircumstancesofanyparticularindividualorentity.Althoughweendeavourtoprovideaccurateandtimelyinformation,therecanbenoguaranteethatsuchinformationisaccurateasofthedateitisreceivedorthatitwillcontinuetobeaccurateinthefuture.Nooneshouldactonsuchinformationwithoutappropriateprofessionaladviceafterathoroughexaminationoftheparticularsituation.2Disruption&Disruption&andComprehensiveserviceProductsandComprehensiveserviceProducts(smallandCreditThepictureabovelistedinnoparticularorder，itisonlyaschematicdiagramsortedbypublicinformation.Notafulllist,justforreference4AboutFintechEachyear,KPMGpublishestheKPMGGlobalFintech100report,AboutFintechEachyear,KPMGpublishestheKPMGGlobalFintech100report,whichrankstheleadingandemergingFintechcompaniesglobally.1KPMGChinarecognisesthatChinaisoneofthefastestgrowingFintechmarketsgloballyandhasbecomeanimportanthubforfinancialservicesandtechnologycompaniesoperatingintheregion.Asaresult,KPMGChinahaspublishedtheChinaFintech50reportwiththeaimofpromotingtheindustry’sgrowthbyhighlightingtheleadingmainlandcompaniesengagedintechnologicalinnovationsinthefinancialservicessector.non-traditionalfinancialinstitutionsthatareactivelyinvolvedindevelopingnewtechnologiesforthefinancialservicesindustry;theirprincipalbusinessactivitiesandtargetclientgrouparelocatedinmainlandChina.WeencouragecompaniesprofiledinthisreporttoengagewithusbyaccessingtheKPMGChinawebsiteandfollowingusonsocialmedia.ReviewOurreviewcommitteecomprisespartnersfromKPMGChinaandKPMGGlobal,withexpertiseinIT,data,capitalmarkets,venturecapital,riskcontrolandfinancialservices.ReviewKPMGChinabelievesITinnovationisattheheartofdevelopmentsinthefinancialservicessector.Thisisreflectedinourmethodology,whichcoverssixcoredimensions,includingtechnology,dataandinnovation,asshowninthediagramontherighthandside.21635Valuationandcapitalmarkets4TheKPMGChinaFintech50surveywaslaunchedinmid-2016.Followinganextensivereviewprocess,wearepleasedtoannouncethesuccessfulcompanies(listedonpage16).Note1:KPMG,inconjunctionwithH2Ventures,publishestheKPMGGlobalFintech100report.H2VenturesisaleadingFintechinvestmentfirm.6OverviewWehaveprovidedabreakdownofthecompaniesincludedinthereportbasedonanumberofcriteria:1）Businessmodel:7OverviewWehaveprovidedabreakdownofthecompaniesincludedinthereportbasedonanumberofcriteria:1）Businessmodel:7ThesuccessofChina’sFintech isaconsequenceoftheeffortsby governmenttocultivatethecountry’s othertieronecitiesincultivating, attractingandretainingtalentinthefinancialservicesandtechnologysectors, mostofthecompaniesincludedinour rankingsare,unsurprisingly,basedtheseNote：Theregionofshortlistedcompaniesabovebasedontheirmainbusinesslocation9876543210Followedbyintegratedfinancialservices,bigdatarankedfirstandsecondwhenanalysingthefirmsincludedinourrankingsonthebasisoftheirbusinessmodel.Sincedataisattheheartofrecentdevelopmentsinthefinancialservicessector,companiesthatseektoharnessthepowerofbigdataenjoyasignificantcompetitiveadvantageovertheirpeers.Note：ThesestatisticsareonlyOverview3）8Overview3）8 Sinceakeycontributingfactortoa competitivenessistheskillsetofitsstaff,theproportionoftechnicalpersonnelisoftenimportantcriterionindistinguishingdifferentfirms.SinceanumberofFintechcompaniestendtousetheInternet,particularlysocialnetworkingsites,tomarkettheirproductsandservices,thishasledtoareductionin marketingstaffandanincreaseinstafftechnicalexpertiseacrosstheNote：ThesestatisticsareonlyforcompaniesforwhichinformationisdisclosedCoretechnology0Advancedtechnology,whenproperlyutilisedtosupportinnovation,canleadtobreakthroughsinthefinancialservicessector,forexample,riskquantificationmodelscanhelpshortentheapprovalprocessforconsumerloans,mobilecomputingsystemsimprovecustomerretentionbyenhancingservicequality,cloudcomputingincreasesserviceresponsivenessandbigdatacanbeusedtodetectfraudulentbehaviourmoreeffectively.Outofthe10coretechnologiesthisreportfocuseson,bigdata/dataanalysistechnologywastheonemostcommonlyemployedbycompaniesthatwereincluded.Note：ThesestatisticsareonlyforcompanieswhichinformationisdisclosedOverview5）TimeofOverview5）Timeof9Fintechhasbeenfrontpagenews recentyears,whichhasprobablyincreasethevalueofmanyof companiesonthelist.However,most thecompaniesarestillyoungand, theexceptionofafewlarge mostarelimitedinscaleand ￥￥￥￥￥:Over￥20Billion,￥￥￥￥:<￥20 ￥￥￥:<￥7Billion,￥￥:<￥3Billion,￥:<￥1AsthemajorityoftheKPMG AngelFintech50havecompletedboth‘A’ A‘B’roundsoffinancing,theyarein earlystagesofoptimisingtheir Bmodelsandfine-tuningtheir C DThesestatisticsareonlyforcompaniesforwhichinformationisdisclosedMostoftheKPMGChinaFintech50 formedonlyrecently.DuringtheWithin1 process,wefoundthathavinga 1-2 wasakeyfactorinexplaining2-3 innovationofmanyof3-5Over10 Note：ThesestatisticsareonlyforcompaniesforwhichinformationisdisclosedOverviewBasedonourobservations,newtechnologiesaremainlybeingusedinthefollowingareas:1）Consumerfinance:Giventhepopularityofmobileapplications,consumerfinanceservicesarefastbecomingpartofpeople’sdailylives.MobilepaymentandOverviewBasedonourobservations,newtechnologiesaremainlybeingusedinthefollowingareas:1）Consumerfinance:Giventhepopularityofmobileapplications,consumerfinanceservicesarefastbecomingpartofpeople’sdailylives.Mobilepaymentandpaymentininstalmentsareindispensableformanyonlineapplications.Fintechcompanieshavealsostartedusingbigdatatoimprovethecreditapprovalprocessforconsumerloansbyshorteningtheapprovaltimetowithinhoursorseveralminutes.TheimprovementinuserexperienceisintertwinedwithInternetbasedbigdata.Withtheincreaseintheavailableinformationonconsumers,digitalprofilingisfastimproving.Fintechcompaniesarealsoincreasinglyfocusingtheirattentiononunderbankedcommunitiesincludingstudents,blue-collarworkersandruralresidents.WebelievethatthefutureofconsumerfinancehingesontheabilityofFintechcompaniestoleveragebigdatathroughcustomerprofilingtechnologyinordertoprovidemorebespokepricingforcreditservices,improvescenariospecificservicesandexpandthepoolofcustomerswithaccesstomainstreamfinancialservicestothosethathavebeentraditionallyexcluded.2）LendingtosmallandmicroBigdataisalsobeginningtoshapethisfield.Unlikeconsumerfinance,thecreditassessmentforsmallandmicroenterprisesinvolvesanalysingbothbusinessowners’personalcredithistoryaswellasthecompany’soperatingperformance.Thisalsoofteninvolvesgatheringdatafromawidevarietyofsourcesincludingbothpublicandnon-publicinformation.AnumberoforganisationsarepilotingtheuseofartificialintelligencetohelpimprovetheircreditapprovalOverview3）Lendingtosmall-andmedium-sizedWhilemanyFintechcompaniesareharnessingbigdatatogainbetterinsightsoncreditrisk,manyothercompaniesarealsoturningtheirattentiontoelectronicOverview3）Lendingtosmall-andmedium-sizedWhilemanyFintechcompaniesareharnessingbigdatatogainbetterinsightsoncreditrisk,manyothercompaniesarealsoturningtheirattentiontoelectronicbusinesstransactiondata,ERPsystemdataandtheInternetofThingstohelpimprovetheirapprovalprocesses.Moreover,wearealsostartingtoseesomecompaniesexperimentwithblockchainbasedtransactiontracingdevicesandotheranti-fraudtechnologiestohelpmanagetheircreditrisks.4）PaymentandFintechcompaniesareactiveinimprovingpaymentandremittanceservices.Dataanalyticsonpaymentbehaviourshasbecomeanecessityforleadingpaymententerprises.Thisincludes,althoughisnotlimitedto,utilisingbigdatatoanalysepaymentbehavioursandapplyingfingerprintbasedtechnologyandotherformsofbiometricstoverifypayments.5）PersonalfinanceandwealthInordertocaterforyoungercustomers,anumberofwealthmanagementcompanieshavestartedmakingmoreoftheirproductsandservicesavailableonline.Manyofthesefirmshavealsostarteddevelopingmobilebasedapplications.Theseappsrecordusers’behavioursandlocation,keeptrackoftheirinterestsandrecommendproductsorservicesbasedonthisInaddition,thegrowthinthenumberoffinancialinvestmentproductshashelpedincreaseawarenessofwealthmanagementamonglargenumbersofthepopulation.Theincreaseinaverageincomesandagrowingmiddleclassgloballyhasalsohelpedexpandthepotentialcustomerbaseandmanyofthesenewcustomersareusingwealthmanagementappstomanagetheirinvestments.SomeFintechcompanieshavetakenthisopportunitytodevelopmorebespokewealthmanagementappsinordertobettersatisfytheneedsofmanyoftheseconsumers.Overview6）PersonalinsuranceThegrowthofonlineinsuranceproductsisalsoarecentSomeofthelesscomplicatedinsuranceproductssuchasautoinsuranceproductswereamongthefirsttobeofferedonline.SeveralcompaniesthatusedtoprovideaplatformtoallowcustomerstocomparethepricesofdifferentinsuranceproductsOverview6）PersonalinsuranceThegrowthofonlineinsuranceproductsisalsoarecentSomeofthelesscomplicatedinsuranceproductssuchasautoinsuranceproductswereamongthefirsttobeofferedonline.Severalcompaniesthatusedtoprovideaplatformtoallowcustomerstocomparethepricesofdifferentinsuranceproductsarestartingtoactasagents,turningthemselvesintointermediariesforthesaleofinsuranceproductsacrosstheentireindustrialchain.Withtheincreasinguseofbigdata,complexinsuranceproductsarebecomingmorebespoke,beingtailoredtosuitthepreferencesofindividualcustomers.ThereisstillroomforgrowthinthisareaandanumberofFintechcompanieshaverespondedbylaunchingproductstorivalestablishedinsurers.ThisisonlylikelytohastentheevolutionoftheindustrytowardsprovidingmoretailoredWithmanylargeInternetcompaniesstartingtoexpandintofinancialservices,Fintechcompaniescannolongerbecontentwithsimplyofferingalimitednumberoffinancialservices.Instead,theyshouldaimtoprovideacomprehensiveportfoliooffinancialservicesthatcoverallaspectsofanindividual’slife.Thisshift,empoweredbytheuseofbigdataandmobileInternettechnology,greatlyincreasestheabilityofthesecompaniestoattractcustomersandimprovecustomerexperience(therebyenhancingcustomerloyalty),evenifthisinvolvessomedisruptiontotraditionalretailbasedbanking.Fintechcompaniesareoftenabletoencroachupontheservicesprovidedbytraditionalfinancialservicescompaniesbysharingresourceswithotherorganisationsinordertokeeptheircostslow.8）PartneredwithventureInthepastfewyears,anumberofFintechcompanieshavesignificantamountsoffundingfromventurecapitalfirms.ThesefirmshavestartedtorealisethatFintechcompaniesareatthevanguardofanumberofimportantbusinessdevelopments.Withthegradualrelaxationofregulatorypolicy,traditionalfinancialservicesinstitutionsarealsoincreasinglyinvestinginFintechfirms.Goingforward,morefinancialservicesfirmsareexpectedtocooperatewithFintechfirmsastheylooktofindbreakthroughsthatcanhelpreduceoperatingcostsandenhancecustomerOverview9）CooperationwithlicensedfinancialSinceFintechcompaniesneedtomeetcertainrequirementsandoftenneedalicensetooperate,manyareincreasinglyformingpartnershipswithlicensedfinancialservicesinstitutionssuchasbanks,securitiescompaniesandinsurers.Traditionalfinancialservicesinstitutionsbenefitfromtheserelationships,forexamplebyimprovingtheircreditassessmentprocesseswhencooperatingwithcreditinvestigationcompaniesorimprovingtheirriskquantifyingcapabilitieswhenworkingwithcompaniesthatspecialiseindatamodelling.FintechcompaniesarealsohelpingfinancialservicesorganisationsimprovehowtheirpersonalOverview9）CooperationwithlicensedfinancialSinceFintechcompaniesneedtomeetcertainrequirementsandoftenneedalicensetooperate,manyareincreasinglyformingpartnershipswithlicensedfinancialservicesinstitutionssuchasbanks,securitiescompaniesandinsurers.Traditionalfinancialservicesinstitutionsbenefitfromtheserelationships,forexamplebyimprovingtheircreditassessmentprocesseswhencooperatingwithcreditinvestigationcompaniesorimprovingtheirriskquantifyingcapabilitieswhenworkingwithcompaniesthatspecialiseindatamodelling.Fintechcompaniesarealsohelpingfinancialservicesorganisationsimprovehowtheirpersonalfinance,investmentandwealthmanagementproductsaremarketed.Goingforward,weexpectfurthercooperationbetweenFintechandfinancialservicesfirms,especiallyasregulatorypoliciesinrelationtoInternetfinancebecomeclearer.10）DevelopmentofregulatoryTherapidgrowthofFintechandtheincreaseinfinancialinnovationhasledtoachangeinregulatorypoliciesandsupervisorymethods.Inspiteofthis,themainobjectiveofthesupervisionofthefinancialservicesindustryremainsthesame,namely,tomaintainstability,tosafeguardtherightsofconsumersandtoensuretheorderlyfunctioningofthefinancialmarkets.WerecommendthatanyorganisationsinvolvedwithdevelopmentsinFintechshouldfollowregulatorydevelopmentsclosely,maintainregulardialoguewithsupervisoryauthoritiesandcooperatewithotherorganisationsinordertoensurethehealthydevelopmentoftheFintechindustry.11）GlobalcomparisonofFintechAsamajormarketintheglobalFintechindustry,anychangesinChina’sFintechsectorhaveaneffectupondevelopmentselsewhere.ComparedwiththeinternationalInternetfinancemarket,InternetfinanceinChinahastraditionallybeenmorewebbased,althoughthisisnowchangingwithmobileapplicationsbecomingmorepopular.Inrecentyears,ChinahasbeenamongthemostinnovativeFintechmarketsglobally,especiallyinrelationtoconsumerfinance,bigdataandthirdpartypaymentsystems.Weexpectthatwiththegrowthofartificialintelligence,theInternetofThingsandblockchaintechnology,China’sFintechsectorwillcontinuetoflourishgoingforward.Overviewrecentyearsonensuringthestabilityoftheglobalcapitalmarkets,thegrowthoftechnologyisrapidlychanginghowthefinancialmarketsoperate.InChina,thereisalotofpotentialforgreatercooperationandcollaborationbetweenfinancialservicesorganisations,riskmanagementfirmsandFintechstart-ups.ManybankshavenowrecoveredfromtheeffectsofthefinancialcrisisandhaveOverviewrecentyearsonensuringthestabilityoftheglobalcapitalmarkets,thegrowthoftechnologyisrapidlychanginghowthefinancialmarketsoperate.InChina,thereisalotofpotentialforgreatercooperationandcollaborationbetweenfinancialservicesorganisations,riskmanagementfirmsandFintechstart-ups.Manybankshavenowrecoveredfromtheeffectsofthefinancialcrisisandhavelargepoolsofcapitalavailabletoincreaseinvestmentinnewproductsandservices.TheseorganisationswouldbenefitfromtheinsightsofferedbyriskServiceValueLegalmanagementfirmsandalsotheinnovativetechnologiesbeingpioneeredbyFintechfirms.13）Fintech—EvolutionofthefinancialservicesManyFintechcompaniesstandtobenefitfrompreviousdevelopmentsinthefinancialservicesandtechnologysectors.AnumberofinnovationsinFintechinvolveapplyingtechnologiesusedinotherindustriestofinancialservices.Asaprofessionalservicesfirm,KPMGChinacontinuestoworkcloselywithanumberofcompaniesthatareinvolvedinpioneeringnew,innovativeproductsandservicesandwillseektopromotebestpracticesinordertoencouragefurtherinnovationintheKPMGChinahaslaunchedthe2016ChinaLeadingFintech50withtheaimofpromotingabetterexchangeofideasandfosteringinnovationinthefinancialservicessector.Thisshouldnotbemistakenforinvestmentadviceanddoesnotconstituteaformalinterpretationofexistingregulatorypolicy.TheTheChinaFintech50CompaniesarearrangedinanalphabeticalorderbasedonthefirstletteroftheirChinesenameinChinaFintech50CompaniesarearrangedinanalphabeticalorderbasedonthefirstletteroftheirChinesenameinShort Suanhua Beagle Tong WeiZhongShui Zhongan Short Baidu ICE Ping JD QUARK LENGJING Ant CompanyAnxindeliprovidesfinancialservicestotheagricultureindustryandhasestablishedstrategicpartnershipswithseveralcompaniesengagedinanimalhusbandry.ItaimstoprovidefinancingforsmallandmicroenterprisesthatwouldotherwisebeCompanyAnxindeliprovidesfinancialservicestotheagricultureindustryandhasestablishedstrategicpartnershipswithseveralcompaniesengagedinanimalhusbandry.Itaimstoprovidefinancingforsmallandmicroenterprisesthatwouldotherwisebeunabletoobtaincreditfrommainstreamfinancialservicesorganisations.Thecompanyhasalsolaunched‘CloudCow,’acomprehensiveSaaSplatformforthebeefindustry.Thecompanybenefitsfromhavinganestablishedteamoffinancialservicesprofessionals,whichhelpswhenreviewingapplicationsforcredit.Atthesametime,Anxidelihasdevelopedariskmanagementsysteminordertosafeguardthecompanyagainstanypotentialrisks.SaaS,bigInternetofThings,cloud,supplychainTimeofSupplychainAppAnxindeliYunShangNiuProportionofBigKeyZhenFund,SeriesAfinancing￥￥￥￥CoreLiuHuoDaiZhuLiuCo-Co-Co-BaiduCompanyBaiduFinancialServicesGroup(BaiduFinance)wasformedon14December2015followingtherestructuringofthefinancialservicesarmofBaiduCorporationwiththeaimofelevatingitsfinancialservicesbusinesstoastrategicpositionwithintheorganisation.BaiduFinanceprovidesavarietyofdifferentservicesincludingconsumerfinance,wealthandfundmanagement,e-walletpayment,andfinancialassettransactionplatformservices.ThecompanyalsooffersInternetbankingandInternetinsuranceservicesthroughitsjointventures.AsthepaymentservicesarmofBaiduFinance,BaiduWalletisastoredvaluefacilitythatusesaclosedBaiduCompanyBaiduFinancialServicesGroup(BaiduFinance)wasformedon14December2015followingtherestructuringofthefinancialservicesarmofBaiduCorporationwiththeaimofelevatingitsfinancialservicesbusinesstoastrategicpositionwithintheorganisation.BaiduFinanceprovidesavarietyofdifferentservicesincludingconsumerfinance,wealthandfundmanagement,e-walletpayment,andfinancialassettransactionplatformservices.ThecompanyalsooffersInternetbankingandInternetinsuranceservicesthroughitsjointventures.AsthepaymentservicesarmofBaiduFinance,BaiduWalletisastoredvaluefacilitythatusesaclosedlooppaymentsystemtoallowcustomerstomakefastandefficientpayments.BaiduUmoneyisBaidu’sconsumerfinancesubsidiaryandprovideslendingservicesforanumberofdifferentpurposesincludingeducation,travelandhomefurnishing,while8Baiduisthecompany’swealthmanagementplatform.BaiduAssetManagementleveragesBaidu’sbigdataandcloudcomputingcapabilitiestoprovideavarietyofservicesforestablishedfinancialservicesinstitutions,whiletheFinancialTransactionCentreactsasamarketplaceforthetradingofbespokedebtsecurities.Inaddition,BaiduisplanningtolaunchBaidu-CITICBank,Baidu-AllianzInsuranceandBaidu-TaipingAutoInsuranceshortlytoexpanditsfinancialservicesofferingsbypartneringwithestablishedfinancialservicesinstitutionsinordertoleveragetheirexpertise.Financialholdinggroup,consumerfinanceProportionofBigTimeofKeyComprehensivefinancial￥￥￥￥AppBaiduWallet(app),BaiduMoney(app),BaiduCaifu(app)CoreZhuLiuCo-CompanyFoundedin2009,BaifendianGroupprovidesanumberofservicesbyharnessingbigdatatechnology.ThelistofproductsofferedbyBaifendianissplitbetweentechnology,managementandapplications.Itscoreproductsincludebigdataoperatingsystems,whichfallsunderthetechnologyproductline,tagmanagementsystems(underthemanagementproductline)andanalyticsandmarketingservices(undertheapplicationsproductline).BaifendianassistsmostlyInternetcompanies,financialservicesinstitutionsandotherbusinessentitiesinbuildingbigdataplatformsandharnessingCompanyFoundedin2009,BaifendianGroupprovidesanumberofservicesbyharnessingbigdatatechnology.ThelistofproductsofferedbyBaifendianissplitbetweentechnology,managementandapplications.Itscoreproductsincludebigdataoperatingsystems,whichfallsunderthetechnologyproductline,tagmanagementsystems(underthemanagementproductline)andanalyticsandmarketingservices(undertheapplicationsproductline).BaifendianassistsmostlyInternetcompanies,financialservicesinstitutionsandotherbusinessentitiesinbuildingbigdataplatformsandharnessingSaaStechnologies.Withregardstoitsapplications,Baifendianhelpscompaniesunearthvaluefrombigdatathroughitsthreebusinessdrivers.Baifendianalsohasatitsdisposallargeamountsofinformationrelatedtoitsusersandaimstoprovideinsightsfromthisdata,whileatthesametimesafeguardinguserprivacyanddatasecurity.Inrelationtofinancialservices,Baifendiancapturesinformationoncustomerbehaviourandseekstoleveragebigdatatechnologyinordertoobtainmeaningfulinsightsintotheirpreferencesandtoprovidedigitalprofilesforeachofthem.Thishelpsfinancialservicesorganisationsbetterunderstandtheircustomersandprovidebespokeservicesandproductsandtailortheirmarketingactivitiesaccordingly.digitalportraitProportionofBigTimeofKeySeriesDfinancingIDGCapitalPartners,ZhejiangDailyMedia,Hillhouse,EverbrightSec￥￥￥￥BigAppBigDataOperatingSystem(web),LabelWorkshop(web),ModelSystem(web),InsightsSystem(web)CoreSuLiuGaoLiuGuoCompanyFormedin2014,100credit(Beijing)FinancialInformationServicesCo.,Ltd.(100credit)harnessesbigdatatechnologytoprovideavarietyofcreditservicestofinancialservicesorganisations.ThecompanyisheadquarteredinBeijingZhongguancunandhasbranchesinShanghai,Shenzhen,WuhanandothercitiesinChina.In2014,itreceivedalicensefromthePeople’sBankofChinatoconductcreditinvestigationsforenterprisesandin2016,CompanyFormedin2014,100credit(Beijing)FinancialInformationServicesCo.,Ltd.(100credit)harnessesbigdatatechnologytoprovideavarietyofcreditservicestofinancialservicesorganisations.ThecompanyisheadquarteredinBeijingZhongguancunandhasbranchesinShanghai,Shenzhen,WuhanandothercitiesinChina.In2014,itreceivedalicensefromthePeople’sBankofChinatoconductcreditinvestigationsforenterprisesandin2016,itwascertifiedbytheMinistryofPublicSecurityasaLevelIIIinstitutionfortheprotectionofnationalinformationsecurity.Leveragingreal-timedata,bothonlineandoffline,thecompany’smainadvantagestemsfromitsearlycommitmenttoprovidingcreditservicestobanksandotherfinancialservicesinstitutionsaswellasitsbigdataprocessingandmodellingcapabilities.100creditprovidesitsuserswithproductsandservicesthatallowthemtomanagethelendingprocessacrossthewholelife-cycleofaloanagreement.Inaddition,itprovidesproductsandservicesthathelpinsurancecompaniesachieveprecisionmarketing,managetheirexistingcustomerbaseandtailortheirproductsandservices.Bigdata,anti-fraud,credit,riskmanagement,ProportionofBigTimeofKeySeriesB+financingCICC,CHAMC,Hillhouse,IDGCapitalPartners,Sequoia,Shuanghu￥￥￥￥BigdataAppCompassUserAssessment(web),Anti-fraud(web)CoreICE小微企業(yè)征信評反欺詐個人征CompanyFoundedinJune2015,ShanghaiIceKreditInformationTechnologiesCo.,Ltd.(IceKredit)usesmachineICE小微企業(yè)征信評反欺詐個人征CompanyFoundedinJune2015,ShanghaiIceKreditInformationTechnologiesCo.,Ltd.(IceKredit)usesmachinelearningalgorithmsandbigdatatechnologytoperformcreditassessmentsonmicrobusinessesaswellasindividuals.HeadquarteredinShanghaiLujiazui,ithasbranchesinNanjing,Changzhou,Chengdu,LosAngelesandothercities,providingservicestoChina,EuropeandtheUnitedStates.Thecompanyusesriskmodelstoidentifypotentialfraudandcreditrisks,therebyprovidingbanks,microloanbusinessesandotherlenderswiththoroughcreditassessments.Ithaslaunchedvariousanti-fraudandriskcontrolproducts,suchascreditprofilereportsonindividuals,enterpriseLevelsI,IIandIIIriskcontrolreportsandvariousotherproductsthatallowitsuserstoimprovetheirdatacapture.Itisanindependentthirdpartycreditinvestigator,whichprovidesfinancialservicesinstitutionswithanarrayofSaaSproductsthatareeasilyembeddedintotheirday-to-dayworkflow.Bigdata,machinelearning,creditassessment,deeplearning,knowledgemapProportionofBigTimeofKeySeriesA+financingFreesFund,Yunqi,Will￥￥￥￥BigAppCreditAssessmentCoreHongDataModelFuXieDataRiskofCompanyOwnedbyTencentGroup,Tenpayisathirdpartypaymentplatform.Itiscommittedtoprovidingsecure,convenientandprofessionalonlinepaymentservicesforInternetusersandbusinesses.Sinceitwasfoundedin2005,onthebasisofprovidingefficientandconvenientservices,TenpayhasdevelopedmanyapplicationsCompanyOwnedbyTencentGroup,Tenpayisathirdpartypaymentplatform.Itiscommittedtoprovidingsecure,convenientandprofessionalonlinepaymentservicesforInternetusersandbusinesses.Sinceitwasfoundedin2005,onthebasisofprovidingefficientandconvenientservices,Tenpayhasdevelopedmanyapplicationsforitsusersandalsoprovidesprofessionalfundsettlementservicesformanylarge-andmedium-sizedenterprises.Tenpayservesavarietyofdifferentindustriesincludinggaming,aviation,e-commerce,insurance,telecommunications,logistics,constructionandfinancialservices.Tenpayoffersvariouspaymentmethodstoitsusersincludinginstantpayment,balancepayment,instalmentpayment,thirdpartypayment,securecardpaymentandmicropaymentinordertobettermeettheindividualneedsofitsBigdata,payment,paymentecosystemBigTimeofKeyAppTenpayCoreLaiCompanyDisanInternetfinancecompanyheadquarteredinShanghai.Itwasfoundedin2013bySoulHtite,co-founderandformertechnicaldirectorofLendingClub,andGuoYuhang,apartnerinaprivateequityfirm.DhasanexperiencedteamoffinancialandtechnologyspecialistsCompanyDisanInternetfinancecompanyheadquarteredinShanghai.Itwasfoundedin2013bySoulHtite,co-founderandformertechnicaldirectorofLendingClub,andGuoYuhang,apartnerinaprivateequityfirm.Dhasanexperiencedteamoffinancialandtechnologyspecialiststhatprovidemarketorientedborrowinga