Ping An Insurance to Invest $15B in Blockchain, Healthtech And Fintech
Cryptovest
Published Nov 07, 2018 02:43PM ET
Updated Nov 07, 2018 04:00PM ET
Ping An Insurance to Invest $15B in Blockchain, Healthtech And Fintech
Chinese holding conglomerate Ping An Insurance (Group) Company of China, Ltd. announced a plan to invest $15 billion (RMB 100 billion) in technology research and development, including blockchain and AI (artificial intelligence) in the next ten years to solidify its technology leadership in the financial services space.
Jessica Tan, Deputy CEO, COO and CIO of Ping An Group said at the Group’s Investor Day on technology held in Hong Kong on Wednesday:
"Our consistent focus and investment in technology R&D are paying off. We have already established global leadership in the cutting-edge technologies of AI, blockchain and cloud computing, which will be driving innovations in the financial industry for years to come."
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