Ping An Makes Giant Bet on Technology

Not only has Ping An been investing in technology but has also started selling technology in areas of online banking, facial recognition, asset management and more; according to Deputy Chief Executive Officer Jessica Tan in an interview with Bloomberg the company wants to get half their earnings from technology; while competition from Tencent and Alibaba is stiff the company believes the combination of data and offline resources can give their products an edge; after seeing presentations in recent months analysts have started raising price targets on the company. Source.