Traditional Chinese corporates are gradually increasing their investment in tech startups, hoping to be ahead of the game.
As China’s largest insurer by market value, Ping An Insurance Group has technology development as its core focus. And it wants to use capital to achieve this goal.
In an exclusive interview with FinanceAsia, Donald Lacey, chief operating officer and managing director at Ping An Global Voyager, explains how the Chinese conglomerate intends to invest in tech startups to help strengthen its business.
The fund has just completed an investment in Better.com. On Tuesday, the New York-based online mortgage website raised $160...