ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

SoftBank-backed OneConnect expands in Asia despite IPO woes

Ping An fintech arm launches Japan JV to double overseas revenue

TOKYO -- OneConnect Financial Technology, Ping An Insurance's newly listed fintech arm, said it will continue to expand in Asia despite a lukewarm U.S. initial public offering last week.

The company on Thursday officially announced a Japanese joint venture with local financial services conglomerate SBI Holdings, aiming to offer cloud- and AI-based software to regional banks that support operations like marketing and risk management.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more