Exhibit 99.1

Joint Filing Agreement

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares, par value US$0.00002 per share, of Phoenix Tree Holdings Limited, a Cayman Islands company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of March 15, 2021.

	Ant Group Co., Ltd.


	By:	/s/ Xiandong Jing
	Name:	Xiandong Jing
	Title:	Legal Representative


	Hangzhou Yunqiang Enterprise Management Consulting Co., Ltd.


	By:	/s/ Ji Gang
	Name:	Ji Gang
	Title:	Executive Director


	Antfin (Hong Kong) Holding Limited


	By:	/s/ Leiming Chen
	Name:	Leiming Chen
	Title:	Director

Phoenix Tree Holdings Ltd SC 13G