Jupai Holdings Ltd. (China)

The Company, through its subsidiaries and consolidated variable interest entity, Shanghai Jupai Investment Group Co., Ltd. and the VIE's subsidiaries provides wealth management and asset management services to the high net worth individuals in the People's Republic of China (‘‘PRC''). These complementary service capabilities enabled us to offer customized, value-adding and integrated services to its high-net-worth clients.
The Company is a third-party wealth management service provider focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China. In China, third-party wealth management service providers generally refer to those service providers who are not associated with any financial institutions. The Company s integrated business model features an established wealth management product advisory services operation that is complemented by its in-house asset management capabilities. The Company started its asset management business in 2013.
The Company generate its revenues in connection with its wealth management product related services from one-time commissions and recurring service fees paid by third-party product providers, corporate borrowers and our own clients. The one-time commissions are calculated based on the value of wealth management products the Company distribute to its clients. Where the Company act as the product provider for its self-developed products, the Company generate revenues from one-time commissions from the corporate borrowers and product provider. During the life cycle of some of the public market products and fund products, the Company charge product providers or corporate borrowers recurring service fees for its ongoing services. The Company also generate revenues from one-time commissions for its fund formation services and from recurring management fees for managing the funds. These fees are typically computed as a percentage of the capital contribution in the funds.
The Company operates in a sole segment, which is value-added wealth management and asset management services.
HISTORY
2010 The commenced operations in July 2010 through Shanghai Jupai Investment Group Co., Ltd., or Shanghai Jupai, in China.
2012 The Company was incorporated on August 13, 2012 in the Cayman Islands.
In August 2012, the Company also established Jupai Hong Kong Investment Limited, or Jupai HK, in Hong Kong, which is wholly owned by the Company.
2013 The Company established a wholly-owned foreign invested subsidiary, Shanghai Juxiang Investment Management Consulting Co., Ltd. ( Shanghai Juxiang ) in the PRC on July 16, 2013.
2014 The Company entered into a non-binding Memorandum of Understanding to acquire Scepter Pacific Limited, the asset management business of E-House China Holdings Limited ( E-House ) with a consideration of 20 of the total equity interest in the Company on a fully diluted basis upon completion of the Company s initial public offering in August 2014.
The Company changed its name from Jupai Investment Group to Jupai Holdings Limited, or Jupai, in December 2014.
2015 The Company s ADSs, each representing six of its ordinary shares, was listed on the NYSE under the symbol “JP” starting from July 16, 2015.
In July 2015, concurrently upon the completion of its initial public offering, the Company acquired Scepter Pacific, the holding company of E-House Capital.
2016 In March 2016, the Company acquired 34 equity in UP Capital Asset Management Ltd (hereinafter referred to as “UP Capital”) and Up Capital's subsidiary, from an individual shareholder.
In May 2016, the Company acquired 85 equity interest in Non-Linear Investment Management Ltd (hereinafter referred to as “Non-Linear”).
In September 2016, the Company acquired 100 equity interest in Shanghai Jupai Yongyu Insurance Brokers Co., Ltd. (previously known as Jiangsu Kang'an Insurance Brokers Co. Ltd.), a PRC entity holding the required license to provide the insurance brokerage services in China.
2017 In September 2017, the Company completed the acquisition of a non-controlling interest in Runju, a company primarily operates an online platform which facilitates the transfer of debt and equity securities, from Shanghai Kushuo Information Technology Limited and an individual shareholder. Shanghai Kushuo Information Technology Limited is a subsidiary of E-House.
In October 2017, the Company acquired Pushing International Trade (China) Co. Ltd., which directly holds 100 equity interest in Gunan Financial Leasing (Shanghai) Ltd, a PRC entity engaged in financial leasing services.
2022 The Company was notified by the NYSE that the staff of NYSE Regulation has determined to commence proceedings to delist its ADSs on June 24, 2022. Trading in its ADSs was suspended after the market closes on the NYSE on June 24, 2022.
On July 12, 2022, the NYSE applied to the SEC by filing a Form 25 to delist its ADSs, which became effective on July 22, 2022.
The Company s ADSs have been quoted on the OTC Pink Limited Information under the symbol “JPPYY” after the NYSE suspended the trading of its ADSs.