Tagged: Ping An Insurance

Ping An Insurance Releases Q1 2020 Performance Report, Says its Wealth Management Firm Lufax Is using AI to Enhance Operations during COVID-19

Ping An Insurance Group, China’s largest insurance and logistics conglomerate, has released its Q1 2020 financial results for the three months ending on March 31, 2020. Ping An’s management noted that they are coping with the Coronavirus (COVID-19) outbreak by adopting measures which include a… Read More

OneConnect, the Fintech Division of Ping An Insurance, Teams Up with China Merchant Post Group to Develop DLT-based Logistics Platform

OneConnect Financial Technology, the Fintech division of Ping An Insurance, China’s largest insurance and logistics conglomerate, has partnered with the China Merchants Port Group (CMPort), in order to develop a blockchain or distributed ledger tech (DLT)-enabled logistics platform. The DLT-based solution is being created for… Read More

Chinese P2P Lender Lufax’s Valuation Goes Up to $39.4 Billion Following 1.3 Billion Series C Funding Round

Following its Series C funding round, which secured $1.3 million, Chinese peer-to-peer lending platform Lufax Holding has reportedly increased its total estimated valuation to $39.4 billion. Launched in 2012, Lufax provides professional investment and financial services for SMEs and individual customers. The platform is also… Read More

‘Legal Risk Is the Biggest Risk’ When Using Crowdfunding, Says Country Garden CFO Wu Jianbin

  China has still not issued crowdfunding regulations, leading big developers to seek out legal advice when employing crowdfunding, according to a recent article in the South China Morning Post. Given that the mainland authorities have also not licensed any crowdfunding platform, industry experts suggest that the… Read More

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