Ping An invests $1bn a year in technology


In an interview with the South China Morning Post this week Ping An's chief operating officer Jessica Tan said expanding fintech and healthcare businesses are top priorities for the group. Tan commented: “Internet platforms such as Lufax [an internet peer-to-peer lender] need a lot of upfront investment. But after investing in the fixed cost and when the business volume increases, we will see margins improve significantly." 22% of Ping An's new customers came via the internet last year and