KPMG’s list of 50 financial technologies： Tencent Qi, an ant, was absent, and many data companies, such as Tongfudun and Abbott, fell off the list, and the weight of technology and blockchain enterpri
On the 18th, the KPMG 2020 Financial Technology 50 list was released. Different from the past, this time, the leading financial technology double 50 enterprises were released, involving a total of 100 companies.
Compared with last year’s list, Ant Group, Tencent Financial Technology and Snowball are not on the list. In addition, Abbott Technology, Insurance Geek, Cheche Technology, Bean Bag Network, Distribution Technology, Phoenix Finance, Heyi Information Technology, Jiage Tiandi, Tongfu Shield and Wenyin Internet are not on the list.
Among them, Abbott Technology, Heyi Information Technology, Jiage Tiandi, Tongfudun and Wenyin Internet are financial data companies; Bean bag network and insurance geek are internet insurance platforms, and Phoenix Finance is involved in online loan business and distribution technology is a blockchain-related enterprise.
For the problem that the head platform such as Ant Financial is not on the list, Blue Whale Finance has not yet contacted KPMG, and KPMG has not yet answered relevant questions. Ant Group has no comment on this. Snowball reflected that the application time for the annual award materials was missed.
KPMG is a multinational organization, involving auditing, taxation and consulting services, and is known as one of the four major accounting firms. Since 2016, KPMG China has published the list of 50 financial technologies, which usually involves 50 companies. The listed companies also generally publicize this.
According to the report, the model independently developed by KPMG quantifies the dimensions of team, technology, products and market. Tao Kuangchun, Chairman of KPMG Asia Pacific and China, mentioned that the expansion (list of 100 companies) is an understanding of the current development speed of financial technology in China and an expectation for the sustainable development of the industry.
In 2020, the original listing plan of Ant Group was stopped. The relevant departments have interviewed them for many times and asked Ant Group to make rectification in the business areas such as transaction transparency, credit information service, data smuggling, corporate governance, establishment of financial holding companies according to law and securities funds. Ant Group has set up a rectification team. During the period, rumors of the business spin-off of Ant Group continued.
According to the prospectus, Ant Group’s revenue in the first half of 2020 was about 72.5 billion, and its net profit was about 21.9 billion yuan. At the previously announced A-share issue price, the market value of Ant Group at that time reached 2 trillion. Recently, five funds originally planned to participate in the battle of ants issued a listing announcement, and the fund share shrank by more than 30%, which once again attracted attention.
Tencent Financial Technology official website introduced that its predecessor was Tenpay, which involved mobile payment and financial services. Official website introduced that Tenpay was established in September 2005, and it was released to the public the following month. It successively obtained payment licenses and fund payment licenses in 2011 and 2012, and then withdrew from WeChat Pay and Licaitong, and was upgraded to Tencent Financial Technology in 2018. In addition to payment and wealth management, micro-securities, Tencent credit card repayment and blockchain are all within Tencent’s financial technology system.
Tenpay Payment Technology Co., Ltd., which belongs to Tenpay, is controlled by Shenzhen Tencent Computer System Co., Ltd., and many founders of Tencent include Shenzhen Century Kaixuan Technology Co., Ltd. under Ma Huateng and Zhang Zhidong. Associated with Tencent Credit Information Co., Ltd., Shenzhen Penguin Financial Technology Co., Ltd. and Shenzhen Tenpay Network Finance Microfinance Co., Ltd.. Previously, Ping An veteran Ren Huichuan joined Tencent, and his position was the special adviser of the strategic development department of Tencent Financial Technology (FiT line).
At the end of 2020, Snowball just reported the completion of the $120 million Series E financing. Snowball platform provides market news of A shares, Hong Kong stocks and US stocks. Snowball’s main subsidiaries include Snowball Insurance Brokerage Co., Ltd., Beijing Egg Roll Fund Sales Co., Ltd. and Beijing Si Nuo Bo Asset Management Co., Ltd., among which Egg Roll Fund is a supermarket platform in Public Offering of Fund. According to statistics from Tianyancha, the financing parties of Snowball in the past several rounds include Lanxin Asia, Ant Financial, Renren Company, Wuyuan Capital, Sequoia Capital China, Mingshi Capital of Angel Wheel and Man Zi Fund.
In the list of losers, Phoenix Finance has once again received attention because of the redemption of online lending platforms. In September 2020, Phoenix Finance announced that it denied that the platform was running, and said in November that it was formulating an exit plan. On the 15th, Phoenix Finance issued an announcement on the emergency early exit of Phoenix Zhixin lenders, involving serious illness and extreme poverty. At present, the online loan operation data disclosed by Phoenix Financial official website shows that as of August 28, 2020, the loan balance of the platform is 10.2 billion.
There are a number of blockchain companies on the new list. At the same time, distributed technology is outside the list this time. The main body of distributed science and technology is Shanghai Distributed Information Technology Co., Ltd., and the legal person is Yan Hongfei, who should be Da Hongfei, the founder of NEO. Small ants are called "domestic" public chains, and they are marked with Ethereum. At the beginning of 2018, when the cryptocurrency market soared, the price of NEO tokens reached above $170, and then fell to $5. This time, cryptocurrency has soared, and the current unit price of NEO is about 25.83 US dollars, which is still far from the historical high price.
There are many data companies in the platforms that fell out of the list. Abbott Technology provides services such as data analysis and modeling for industries such as finance and electricity. According to official website, ABOTZ Technology has received investments such as Qiming Venture Capital and Source Capital, and the latest round of financing is in 2018.
Heyi Information Technology is a relatively vertical information and analysis platform for asset securitization industry, and its shareholders include China Chengxin Securities Review (hereinafter referred to as "China Chengxin Securities Review") Data Technology Co., Ltd. and Shanghai Lianhe Financial Information Service Co., Ltd. China Chengxin Securities Appraisal is mainly engaged in the credit rating business in the securities market and the credit rating business in the credit market. Official website announced that it will terminate the credit rating business in the securities market from February 2020, and it will be inherited by China Chengxin International Credit Rating. China Chengxin Securities Appraisal Co., Ltd. is a wholly-owned subsidiary of China Chengxin International Rating Company.
As a big data company, Jiage Tiandi introduced that it mainly involves agricultural data. According to industrial and commercial information, Jiage Tiandi’s foreign investments include Nanjing Jiage Big Data Technology Co., Ltd. and Beijing Jiage Big Data Technology Co., Ltd. According to Tianyancha data, the company has obtained Jingwei China financing in Angel Round and A Round, and the latest round of financing was in 2017.
Tongfudun official website introduced that it involves digital identity authentication, is an intelligent network solution provider and data operator, and focuses on cloud computing, big data and blockchain information technology. Tongfudun holds 53% of the shares by the founder himself, and its foreign investment includes Jiangsu Tongfudun Blockchain Technology Co., Ltd., and its Hangzhou Duofutong Cloud Computing Technology Co., Ltd. has been cancelled.
Wenyin Internet introduced it as a provider of financial cognitive intelligence solutions. The cases provided by official website include the automatic announcement summary system of Shanghai Stock Exchange, the intelligent supervision search of New Third Board, the intelligent assistant of Ping An in China, the financial professional knowledge map engine of China Merchants Bank, and the clients also include TF Securities and Nanjing Bank. In December 2020, File Interconnection won the A+ round of financing.
In this list, from technology and finance to financial technology, KPMG’s report divides the selected enterprises into 8 categories, including comprehensive financial technology enterprises, including Jingdong Digital and Hang Seng Electronics; Scientific and technological innovation financial institutions, including Weizhong Bank, Jianxin Financial Technology, and Consumer Finance immediately; On the list of payment technology are Remittance World (01806.HK), which has just planned to be delisted from Hong Kong stocks and privatized, and UnionPay business and money collection bar, which are planned to be listed on A shares. Credit technology enterprises, including Bai Rong Yun Chuang and Samoyed; Wealth technology enterprises, including Huasheng Correct, etc. Insurance science and technology institutions, including Zhongan Insurance; Supervise scientific and technological enterprises, including Daokou Jinke; And the underlying technology sector, including Kuang Shi Technology and some blockchain enterprises.
Among the 50 newly listed companies, most of them are classified as credit technology, wealth technology, supervision technology and bottom technology companies, including Tiandao Jinke, Dadi Quantum, Daokou Jinke, Gaodeng Technology, Defiance Technology and Shangtang Technology. Blockchain enterprises include Fun Chain Technology and Shared Bits. It is worth noting that Hong Kong Digital Assets Exchange and Hong Kong Virtual Assets Exchange Limited.
According to the report, Hong Kong Digital Assets Trading is one of the first institutions to apply for the "Virtual Assets Trading Platform License" of the Hong Kong Securities Regulatory Commission. The founder Gao Han is the CEO and the co-founders include Wang Shibin and others. The introduction shows that the business of digital asset trading in Hong Kong includes digital asset trading, digital asset custody business and the development of STO-supported securities consulting business. At present, the registration of Hong Kong Digital Assets Exchange (HKbitEX) requires institutional investors or individual qualified investors with a portfolio of HK$ 8 million.
Earlier, it was rumored that Li Xiaojia, the former chief executive of HKEx, would join the Hong Kong digital currency Stock Exchange. The digital currency Stock Exchange clarified this. There are no new members in the official website team list.
Hong Kong Virtual Assets Exchange (HKVAX) provides virtual assets trading experience and innovative financial products. In June 2019, it obtained the license of trust and corporate service provider; Also received rounds include Class 1 securities trading licenses and Class 7 securities trading licenses. Provide automatic trading service in mid-2020, waiting for permission.
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