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SoftBank nears deal to invest in Ping An's health app
Add BT as a preferred sourcePublished Mon, Jan 22, 2018 · 09:50 PM
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Hong Kong
SOFTBANK Group is nearing a deal to invest about US$400 million in Ping An Insurance (Group) Co's healthcare portal ahead of the Chinese company's initial public offering (IPO), people with knowledge of the matter said.
The Ping An unit, known as Good Doctor, aims to file an IPO application with the Hong Kong stock exchange as soon as the end of January, the people said, asking not to be identified. It wasn't immediately clear whether the Good Doctor investment would be made by SoftBank itself or through the Vision Fund that it manages.
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