BEIJING, Nov. 22, 2016 /PRNewswire/ -- PINTEC Group, China's leading financial technology platform, was recently named to Deloitte's list of the top 50 fastest-growing technology companies in China.
PINTEC's strong innovation capacity and significant investment in research and development have driven rapid growth at the Company, according to the 2016 Deloitte Technology Fast 50 China Study, a Deloitte program ranking the top 50 leading technology companies in China. With technology and engineering professionals accounting for 80 % of its total headcount, PINTEC is investing more than 100 million yuan in research and development each year, making waves in the digital consumer lending and robo-investment management sectors. "PINTEC has focused its investment in R&D on big data processing and innovative financial technologies. Our purpose is to boost the efficiencies of financial services by leveraging technology to create new types of financial products, lowering the traditional barriers to financial services and providing access for more people to enjoy high quality financial services," said William Wei, CEO of PINTEC. The top 50 companies named to Deloitte's 2016 list come from multiple sectors including software (38%), Internet and media (19%), hardware (17%), telecommunications (11%), biotechnology and pharmaceuticals (9%) and clean energy (6%). These companies are based in nine Chinese cities including Beijing, Wuhan, Shenzhen, Dalian, Shanghai, Chengdu, Hangzhou, Qingdao and Guangzhou. Deloitte noted in the report that 47% of the award-winning companies prioritized their investment in product and service innovation, while 19% of them said they will boost efforts in promoting innovation.