Japan's SBI Holdings inks JV with China’s Ping An unit OneConnect

Japan's SBI Holdings inks JV with China’s Ping An unit OneConnect

Ping An sign board. Photo: Bloomberg

SBI Holdings, one of the most prominent venture capital and private equity firms in Japan, has formed a joint venture deal with Ping An subsidiary OneConnect, among the largest fintech SaaS platforms in China.

Under the terms of the agreement, SBI Group will hold 60 per cent in the joint venture while OneConnect and An Ke, another wholly owned subsidiary of Ping An Group, will jointly own 40 per cent.

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