China's Ping An forays into Indonesian fintech market

China's Ping An forays into Indonesian fintech market

The Ping An Insurance Group Co. logo is displayed atop the Ping An International Financial Center (IFC) in Beijing, China, on Wednesday, Aug. 9 2017. Photographer: Qilai Shen/Bloomberg

China’s largest insurer Ping An has announced its expansion into Indonesia’s fintech market with the launch of its subsidiary OneConnect in Southeast Asia’s largest market.

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