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Ping An eyes for online business
By Feng Jianmin |
August 24, 2012, Friday
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Online Edition
Online Edition
PETER Ma, Chairman and CEO of Ping An Insurance (Group) Co, confirmed that the company is waiting for regulatory approval to set up a joint venture with Alibaba, China's largest e-commerce company, and Tencent, one of the largest internet service providers in China, to sell insurance products online.
The new company may also provide insurance to virtual objects such as those used in online games.
Ping An said it will increase non-insurance businesses to more than 50 percent of company's revenue in the coming years as it step up diversification into banking and investment sectors, company officials said today.
He said integrated financial business model can provide more convenient and diversified services to clients.
The new company may also provide insurance to virtual objects such as those used in online games.
Ping An said it will increase non-insurance businesses to more than 50 percent of company's revenue in the coming years as it step up diversification into banking and investment sectors, company officials said today.
He said integrated financial business model can provide more convenient and diversified services to clients.
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