Ping An invests $1bn a year in technology

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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