Lufax

Lufax (Chinese: 陆金所; pinyin: Lùjīnsuŏ), full name Shanghai Lujiazui International Financial Asset Exchange Co., Ltd., is an online Internet finance marketplace in China headquartered in Lujiazui, Shanghai.[1][2] Founded in 2011, it is an associate of China Ping An Group.[3]

The company was founded in September 2011,[4] and started with P2P lending as the only product. It is the second largest Peer-to-peer lender in China. [5]Now the company is said to be branching out their business gradually, becoming a much broader platform that work together with funds, insurance companies and financial license holders.[6] The platform makes money by matching borrowers with investors, collecting a 4% fee on each loan. Since the start of the business, the company has arranged more than 200,000 peer-to-peer loans that worth a total of $2.5 billion. [7]

The group is currently 43% owned by Ping An Insurance (Group) Co. [8]