|Day's range||51.09 - 52.74|
|52-week range||32.01 - 55.09|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Ping An Insurance Group Ltd , China's largest insurer by market value, is scouting for fintech and healthcare assets in the United States, Israel and Singapore, as it looks to use a $1 billion investment fund, a company executive said. The Shenzhen-based insurer plans to use the acquired technology and know-how to grow its business in China, Jonathan Larsen, Ping An Group's chief innovation officer and chairman of the fund, told Reuters on Tuesday.
A drive by China's big technology companies to develop credit scoring platforms, originally backed by Beijing, faces growing opposition from regulators, who fear the initiatives may threaten data security and create conflicts of interest. Two people familiar with the process told Reuters that the central bank - which in 2015 allowed eight firms including Alibaba's Ant Financial and Tencent Holdings to develop scoring systems - has quietly pulled back its support.
Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pincus. The $10 billion-valued firm is Asia's biggest warehouse operator, with clients including Amazon.com Inc and JD.com Inc, and is benefiting from rising demand for modern logistics facilities driven by a boom in e-commerce.