Venture capital

How Ping An spots VC tech investing opportunities

Its latest technology investment will boost the Chinese insurance group's auto insurance business. But the VC fund head said further gains are expected.

Chinese insurer Ping An Group is combining profit and growth potential in venture capital investments through a designated fund.

The latest example was announced Monday September 16 with an investment in Joonko, a new digital financial portal with an initial focus on insurance technology insurtech. The portal operates via finleap, a European fintech ecosystem in which Ping An has also invested.

Both of these investments were made through Ping An Global Voyager Fund GVF, a Hong Kong-based $1 billion global investment vehicle focused on growth stage insurtech, fintech and healthtech ventures. The fund typically invests between $15 million and $50 million in businesses where an...

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