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Jack Ma and Pony Ma both took part in China Ping An's $4.7 billion private share sale in December last year.
The financial conglomerate, with a history of 27 year, operates a wide range business of insurance, banking and investment.
The investment was also seen as extension of cooperation among Jack Ma, Pony Ma and Ma Mingzhe, chairman of Ping An Group, who, collectively known as the "Three Mas", founded Zhong An Online Property and Casualty Insurance in 2013.
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A business branch of Ping An Bank at Tianhe district, Guangzhou city, Guangdong province, April 26, 2015. [Photo/IC] |
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