Jifubao

Kaidianbao Group is a company focused on providing data services to small and micro merchants. By leveraging various transaction behavior data of small and micro merchants and applying a big data credit system, it offers a series of comprehensive fintech solutions for these merchants during transactions. Services include third-party payment, community e-commerce, data credit reporting, and data outsourcing. The company is a Shanghai High-tech Enterprise, holding dozens of software intellectual property rights and technical patents. It possesses licenses including the National Bank Card Acquiring Business License and Regional Prepaid Card Issuance and Acceptance Licenses (for Zhejiang Province, Shandong Province, Fujian Province, and Guangdong Province) among a series of operational permits. It has multiple branches and subsidiaries: the licensed institution Shanghai Dianbaiqu Company, data processing company Jifu Financial Data Processing Company, and Qixin Credit Reporting Company. It owns several well-known industry brands such as Jifubao, Kaidianbao, Dianxiaoyi, and Vian. In January 2016, China Credit (now renamed as Zhongxin Holdings) and Fosun Group officially became shareholders of Jifu. By the end of August 2017, Shenzhen-listed company Jianqiao Communication (002316.SZ) completed the acquisition of 45% equity in Shanghai Jifu, becoming the controlling shareholder of the company.