2013: hot words in China (7)

Internet Finance

Alipay introduced "Balance Treasure" business on June 13, 2013.

Zhong'an Online Property Insurance, China's first online insurance firm was jointly launched by e-commerce, Internet and insurance moguls to target e-commerce shoppers, Nov. 6, 2013.

Zhong'an's shareholders include top e-commerce company Alibaba Group Holding Ltd., the world's second-largest insurer Ping An Insurance (Group) Co., and the country's largest Internet firm Tencent Holdings Ltd. Top leaders of the three shareholders are Ma Yun, founder of Alibaba, Ma Huateng, CEO of Tencent, and Ma Mingzhe, Chairman of Pingan Insurance. Hence, people call it “Three Ma” insurance.

Jingdong Mall launched a supply chain finance platform on Nov. 27, 2012.

China's leading search engine Baidu Inc launched its first online wealth management product Baifa on Oct. 28, 2013.