About ZhongAn Insurance
ZhongAn Insurance is a company based in Huangpu (China) founded in 2013 by Ma Mingzhe.. ZhongAn Insurance has raised $941.75 million across 1 funding round from investors including Morgan Stanley, CICC and Keywise Capital Management. The company has 2,400 employees as of December 31, 2024. ZhongAn Insurance operates in a competitive market with competitors including OneDegree, Baozhuniu, ZA Tech, Anbang and Avo Insurance, among others.
- Headquarter Huangpu, China
- Employees 2400 as on 31 Dec, 2024
- Founders Ma Mingzhe
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Zhongan Online P&C Insurance Co., Ltd. Class H
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Annual Revenue
$4.61 B (USD)-1.39as on Dec 31, 2024
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Net Profit
$84.24 M (USD)-85.48as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$941.75 M (USD)
in 1 rounds
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Latest Funding Round
$941.75 M (USD), Private Equity Round
Jun 12, 2015
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Investors
Morgan Stanley
& 4 more
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Employee Count
2400
as on Dec 31, 2024
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IPO & Listings of ZhongAn Insurance
ZhongAn Insurance is a publicly listed company on the HKEX with ticker symbol 6060 in Hong Kong, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of ZhongAn Insurance
ZhongAn Insurance has successfully raised a total of $941.75M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $941.75 million completed in June 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $941.7M
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First Round
First Round
(12 Jun 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Private Equity Round - ZhongAn Insurance | Valuation | Morgan Stanley |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ZhongAn Insurance
ZhongAn Insurance has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, CICC and Keywise Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments are managed from Hong Kong.
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Founded Year | Domain | Location | |
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Growth capital is provided to companies in China by SAIF Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ZhongAn Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ZhongAn Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zhongan Insurance Comparisons
Competitors of ZhongAn Insurance
ZhongAn Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OneDegree, Baozhuniu, ZA Tech, Anbang and Avo Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
P&C insurance solutions are delivered via an online platform.
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| domain | founded_year | HQ Location |
Business insurance coverage is provided through an online platform.
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| domain | founded_year | HQ Location |
Digital insurance solutions provider
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| domain | founded_year | HQ Location |
Provides an online platform for diversified insurance products.
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| domain | founded_year | HQ Location |
Web-based insurance quotes and management for individuals are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zhongan Insurance
Frequently Asked Questions about ZhongAn Insurance
When was ZhongAn Insurance founded?
ZhongAn Insurance was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is ZhongAn Insurance located?
ZhongAn Insurance is headquartered in Huangpu, China. It is registered at Huangpu, Shanghai, China.
Who is the current CEO of ZhongAn Insurance?
Wei Chen is the current CEO of ZhongAn Insurance.
Is ZhongAn Insurance a funded company?
ZhongAn Insurance is a funded company, having raised a total of $941.75M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $941.75M, raised on Jun 12, 2015.
How many employees does ZhongAn Insurance have?
As of Dec 31, 2024, the latest employee count at ZhongAn Insurance is 2,400.
What is the annual revenue of ZhongAn Insurance?
Annual revenue of ZhongAn Insurance is $4.61B as on Dec 31, 2024.
What does ZhongAn Insurance do?
ZhongAn Insurance was founded in 2013 in Huangpu, China, within the financial services sector. An online platform is operated to deliver insurance quotes for health, travel, car, accident, and related products to individuals. Group insurance options and employee benefits are extended to businesses. Claims processing support is facilitated, alongside tools for HR policy management. Operations focus on digital accessibility across these areas.
Who are the top competitors of ZhongAn Insurance?
Is ZhongAn Insurance publicly traded?
Yes, ZhongAn Insurance is publicly traded on HKEX under the ticker symbol 6060.
Who are ZhongAn Insurance's investors?
ZhongAn Insurance has 5 investors. Key investors include Morgan Stanley, CICC, Keywise Capital Management, CDH, and SAIF Partners China.
What is ZhongAn Insurance's ticker symbol?
The ticker symbol of ZhongAn Insurance is 6060 on HKEX.