The Ping An Innovation Center is the first fund established by a major financial institution in China, the company said.
Ping An Insurance, a China-based insurer, has set up a RMB1bn ($157m) corporate venturing fund to find financial services technologies.
The Ping An Innovation Center is the first fund established by a major financial institution in China, the company said.
James Chen, vice-president of Ping An Innovation Center, told newswire Dow Jones it was looking to boost its core businesses in insurance, banking and finance in the next decade by investing more in innovative technologies from the internet, mobile and…
