CEO of Waterdrop Inc., Shen Peng, was elected as a part-time director of China Youth Entrepreneurs Association.
AInvestWednesday, Aug 7, 2024 4:11 am ET
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Recently, the China Youth Entrepreneur Association (hereinafter referred to as "CYEA") held its 13th National Members' Congress in Beijing. The Congress elected the 13th Council Members, the first Supervisors and the honorary chairman. Subsequently, the 13th Council Meeting of CYEA was held, which elected the 13th Chairman, Vice-Chairman, Secretary-General, Deputy Secretary-General and Standing Committee Members. Among them, Shen Peng, founder and CEO of Waterdrop Company, was elected as a standing committee member of CYEA.

The CYEA was founded in 1985, serving as a bridge and bond for young entrepreneurs. It is a member organization of the Chinese Youth Federation, the China Enterprise Federation (China Entrepreneurs Association) and is supervised by the Central Social Work Department, the All-China Youth League and the Ministry of Civil Affairs.

As a serial entrepreneur, Shen Peng participated in the founding of Meituan Takeaway and established Waterdrop Company in 2016, with the mission of "using internet technology to help ordinary people have insurance and medical care, and to ensure the well-being of millions of families." Waterdrop Company pioneered the "fundraising for serious illness + life insurance" model in China, and improved the digital level of insurance and health care.

Shen Peng has made significant contributions to the fields of serious illness relief, insurance technology and health services, and has been widely recognized by the society. He has been awarded the title of "the most beautiful science and technology worker in Chaoyang District", "outstanding young entrepreneur in the Guangdong-Hong Kong-Macao Greater Bay Area", "advanced individual in the participation of the Chinese People's Political Consultative Conference in poverty alleviation" and "advanced individual in the national unity and progress of the capital city", and served as a member of the 13th Committee of the All-China Youth League, a member of the Youth Entrepreneur Committee of the Chinese National Federation of Industry and Commerce, a deputy of the Standing Committee of the Chinese National Federation of Industry and Commerce, and a member of the 12th Non-public Committee of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference.

Under Shen Peng's leadership, Waterdrop Company has become a leading insurance technology and medical health platform in China. In the future, Waterdrop Company will continue to adhere to the core values of innovation and responsibility, further strengthen its talent team, and promote the sustainable development of insurance, medical and other industries, and strive to achieve a more beautiful social vision.

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