You are here

TOPLINE

For China-backed startup, fund sales go online

Singapore is the international beachhead for Lu International, a firm backed by Chinese insurance giant Ping An.

BT_20180219_LU_3313870.jpg
Lu International CEO Kit Wong: "People are used to buying groceries, clothes, and food online. Financial services are a natural extension."

ON A FLOOR in Marina Bay Financial Centre Tower 2 sits an alternative asset management giant on one side and on the other, a bank and a startup.

It is perhaps a fitting tableau on the ongoing disruption in financial services. Banks have long made money distributing funds managed by asset...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes