Inaugural List of China’s Top 10 Fintech Companies Released by Hurun Report

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The Hurun Report has just released its first list of the top 10 enterprises in China’s fintech sector in terms of value.

On 27 October Hurun released the Hurun China Top 10 Most Valuable Fintech Companies for 2020, which ranks privately operated fintech companies in China in terms of either their market capitalisation or estimated value.

Hurun defined fintech firms as those that provide “new operating models, technological applications or products and services that are driven by emerging technologies such as big data, the blockchain, cloud computing and artificial intelligence, and have a strong impact on financial markets as well as financial services, operations and supply.”

Alibaba-affiliate Ant Group came in first place, followed by Ping An-affiliate Lufax, East Money and JD Digits.

The Yangtze River Delta cities of Shanghai and Hangzhou were each host to three of the top 10 companies, while Shenzhen was home to two, and Nanjing and Beijing one each.

The Hurun China Top 10 Most Valuable Fintech Companies for 2020

No. CompanyValue (yuan)Primary operationsChairHeadquarters
1Ant Group 2.1 trillion Payments, wealth management, micro-lendingJing XiandongHangzhou
2Lufax270. billionWealth managementJi CaishengShanghai
3East Money221.5 billionOnline financial information servicesQi ShiShanghai
4JD Digits200 billionPayments, wealth management, micro-lendingLiu QiangdongBeijing
5WeBank200 billionMicro-Loans, small and medium-sized enterprise financingGu MinShenzhen
6Hundsun101 billionFintech solution plansPeng ZhenggangHangzhou
7Hithink Royalflush86 billionOnline financial information servicesYi ZhengHangzhou
8Suning Finance56 billion Payments, wealth management, micro-lendingHuang Jinlao Nanjing
9ZhongAn50 billionInsuranceOu YapingShanghai
10One Connect49 billion Fintech solution plansShenzhen

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