Ping An launches $157m venture capital fund
Ping An Insurance, the world's second-largest life insurer by market value, has established a RMB1 billion ($157 million) venture capital fund. It will target sectors including financial services, consumer products, healthcare, automobiles and tech, media and telecom.
The majority of the fund corpus comes from Ping An's own balance sheet, but the insurer told local media that it may also invite third-party LPs to participate. It also plans to collaborate with other...
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