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Finance

China's largest insurer is spending big on startups

Ping An Insurance wants to nurture hidden potential, says its innovation chief

Jonathan Larsen, CIO, Ping An Insurance (Group) Company of China, speaks to Nikkei Asian Review in Singapore. (Photo by Ken Kobayashi)

SINGAPORE China's largest insurance company by market capitalization has taken its $1 billion investment fund on a buying spree. The focus of Ping An Insurance (Group) is clear: minority stakes in midsize to large startups, mostly in developed markets, says Chief Innovation Officer Jonathan Larsen, giving Ping An capabilities that it can combine with its internal research efforts.

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