Ma Yun, Chairman of the Board of Directors of Alibaba Group, Ma Mingzhe, Chairman of Ping An Insurance of China, and Ma, CEO of Tencent, jointly established Zhongan Online, the first online insurance company in China, which will officially open today. The company is headquartered in Shanghai, Zhongan Online has the Internet support of Ali and Tencent and the advantages of China Ping An in the field of insurance products. The company has no branches and sells and claims entirely through the Internet.