Lufax Holding Ltd is a Chinese technology-empowered personal financial services platform headquartered in Shanghai. Originally founded in September 2011 by Ping An Insurance Group as Shanghai Lujiazui International Financial Asset Exchange (Shanghai Lufax), the company began as a P2P lending marketplace before pivoting to become a leading retail credit facilitator and wealth management platform serving small business owners and middle-class consumers in China. Lufax operates two core business lines: (1) retail credit facilitation, where it connects borrowers (primarily small business owners) with funding partners such as banks and trusts, and (2) wealth management, distributing investment products to retail clients. Ping An Insurance Group remains its largest shareholder. Lufax listed American Depositary Shares on the NYSE in October 2020 (ticker: LU) and completed a dual primary listing on the Hong Kong Stock Exchange in April 2023 (stock code: 6623).
Lufax is publicly traded
IPO'd on Oct 30, 2020
This company is no longer available on our private secondary market. Shares can be traded publicly under LU.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Employees
90,000–95,000
Total Funding
$3.03B
3 rounds
Last Private Valuation
$39.4B
Dec 2018
CFO Tongzhuan Xi and 3 non-exec directors resigned Jul 25 2026; HKEX shares still suspended since Jan 2025 amid accounting scandal.
Ongoing governance churn and unresolved trading halt elevate liquidity/exit risk for holders.
Appointed Xiang Ji Co-CEO Oct 31 2025; he became sole CEO Apr 1 2026 after Yong Suk Cho's contract expired — corroborates stored CEO.
Leadership now consolidated under one CEO; no near-term succession uncertainty.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $3.03B across 3 rounds
Last updated 09-14-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Dec 2018 | Series C | $1.33B | $39.4B | Primavera Capital |
| Jan 18, 2016 | Series B Bloomberg | $1.216B | $18.5B | Not named explicitly |
| Apr 2015 | Series A | $485M | $10B | BlackPine Private Equity Partners |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series A
$10B
Apr 2015
Lufax today
$39.4B
Dec 2018 · latest mark
Lufax multiple
3.9x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Xiang Ji
Chief Executive Officer & Director
Jinliang Mao
Chief Technology Officer
Dongqi Chen
General Manager
Tao Wu
Executive Deputy General Manager & Chief Marketing Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Ant Group
Alibaba's fintech affiliate operating Alipay, China's largest digital payments and consumer credit platform; dominates the non-traditional retail credit market.
JD Digits (JD Technology)
JD.com's fintech subsidiary offering consumer credit, wealth management, and SME financing services; one of China's top three fintech platforms alongside Ant Group and Lufax.
360 DigiTech (Qifu Technology)
NASDAQ-listed Chinese consumer finance platform connecting borrowers to institutional lenders via facilitation model; a direct competitor in retail credit facilitation.
Yiren Digital
NYSE-listed Chinese digital financial services platform (subsidiary of CreditEase) offering consumer lending and wealth management products.
FinVolution Group
NYSE-listed Chinese fintech platform (formerly PPDAI) operating online consumer credit marketplaces in China and Southeast Asia.
LexinFintech
NASDAQ-listed Chinese online consumer finance platform offering installment lending to young consumers; competes in retail credit facilitation.
Yes, Lufax is publicly traded under the ticker symbol LU on the NYSE. The company went public in Oct 30, 2020.
Lufax trades under the ticker symbol LU on the NYSE. It began trading in Oct 30, 2020.
Lufax (LU on the NYSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker LU to place an order.
Lufax went public in Oct 30, 2020 via ipo, with an offering valuation of approximately $39.4B. Lufax listed ADSs on the NYSE (LU) on October 30, 2020 at $13.50 per ADS and added a dual primary listing by introduction in Hong Kong (6623) in April 2023. Ping An became controlling shareholder in 2024 (66.85% after a December 2024 share purchase from Tun Kung). After Lufax removed auditor PwC and restated earlier results, Hong Kong trading has been suspended since January 28, 2025; the company regained NYSE filing compliance in 2026 and is working toward resuming Hong Kong trading.
Lufax raised $3.03B across 3 disclosed funding rounds prior to its public listing.
Lufax is headquartered in Shanghai, China.
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