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Ping An Forms $1 Billion Global Investment Fund for Fin-Tec and Healthcare Startups

04:58 EDT 5 May 2017 | ChinaBio Today

Ping An Insurance Group, China's largest insurer by market value, announced plans to launch a $1 billion international fund that will invest in fin-tec and healthcare startups. Ping An is already a player in the fin-tec area with Lufax, China's biggest peer-to-peer lending and wealth management platform. In healthcare, the company offers Ping An Good Doctor, a mobile app, which has 140 million users and is, says Ping An, the first healthcare stop for many people in China. More details....

Stock Symbols: (HK: 2318; SHA: 601318)

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