China's Ping An launches USD1 billion health care fund
05-May-17, CNBC
Ping An Insurance Group, China's largest insurer by market value, is launching its first overseas fund to invest in financial technology (fintech) and health care tech worldwide.
%20Jerome%20Favre_Bloomberg_Getty%20Images.jpg "Chinas Ping An launches USD1 billion health care fund (c) Jerome Favre Bloomberg Getty Images")
Image: Jerome Favre / Bloomberg / Getty Images
The fund will look for investments in early stage fintech and healthcare technology firms around the world, and comes as part of Ping An's attempt to expand beyond its home market and target overseas growth as China's economy slows.