Shanghai 2345 Network Holding Group, located in Zhangjiang High Tech Park in Shanghai's Pudong New Area, ranks 21st among China's Top 100 Internet Companies. [Photo/WeChat account: zhangjiangfabu]

Shanghai 2345 Network Holding Group, located at Zhangjiang High Tech Park in Shanghai's Pudong New Area, ranked 21st among China's Top 100 Internet Companies, the highest ranking of any Pudong internet company.

The list was released by the Internet Society of China and the information center of the Ministry of Industry and Information Technology.

Founded in 2005, Shanghai 2345 has kept expanding and innovating its business, from website guides, to mobile internet applications, with internet financial services becoming its major business.

Currently, the company's business covers three sectors- information technology, financial technology, investment and mergers and acquisitions.

Shanghai 2345 credits its development and innovation largely to its employees. The company has more than 1,000 staff members, of which 60 percent are R&D personnel.

Its core competitiveness in financial technology is Shanghai 2345's independently-developed big data and artificial intelligence-based intelligent risk control system, which can create a rate of writing off bad debts below 3 percent – lower than average for China's major consumer finance institutions.

Another core technology is its automatic auditing system which is able to handle orders worth millions of yuan per day, ensuring a smooth cooperation between the company and its multiple financial institution partners.

In the future, Shanghai 2345 will set up a new technology research institute focusing on big data, machine learning, and artificial intelligence, to further promote the development of internet technology.