From our offices across the region, we provide clients with the key insight and research they need to understand the market trends and challenges. Our research reports are used by numerous clients across the globe to make better business decisions about their Asia strategy.
We work closely with clients to better understand their business challenges and find lasting and value creating solutions. We have worked with some of the financial industry's largest players to help them re-define their business and drive growth.
During the “Double Eleven” (November 11th) online shopping festival in China, E-commerce companies hit new sales records. However, the winners were not only the E-commerce companies; digital insurance company Zhong’an also claimed victory with over 210 million policies sold with a total coverage exceeding RMB13.3 billion (USD$1.93 billion) across many E-commerce platforms such as Taobao, Tmall, Mogu Street, and Meilishuo.
As part of our China Fintech initiative, we brought a group of Chinese executives to Singapore for the Fintech Festival and a number of company visits. The 17 fintech executives from some of China's largest P2P lenders, consumer finance groups and digital payments platforms were part of the group.
The Singapore Fintech Festival concluded on Friday November 18th, much like it started, with a bang. At the beginning of the week it was the Monetary Authority of Singapore laying out its vision for the future of fintech, while the closing party consisted of drums, music and a celebratory finish to a hectic week of innovation center visits, conferences, meetings, openings, drinks, awards ceremonies, more drinks and a general celebration of Fintech in Singapore.
Zhong’an is probably the most famous digital insurance company in China. Not only because what they do, more interestingly, it is down to the famous background of its shareholders, who are collectively called the Three Ma: Jack Ma of Alibaba, Huateng Ma of Tencent, and Mingzhe Ma of Ping’an.
KPMG and H2 Ventures, an Australian Fintech ventural capital company, have issued their report on the 2016 Top 100 Global Fintech Companies. Amongst many of the key findings in the report, it is clear that China Fintech is in the lead.
The recent wave of Alipay partnerships with merchant acquirers has spanned the globe. With the common goal of letting Chinese tourists pay with Alipay, one of their favorite payment methods, Ant Financial has partnered with Wirecard in Germany, Ingenico in France and First Data in the US.