Ping An's tech dreams long way to being realised

Washington

PING An Insurance has a long way to go to be considered a tech company. The US$170 billion Chinese conglomerate delivered a 45 per cent increase in third-quarter profit, powered in part by online users and artificial intelligence initiatives.

It has also added 300,000 agents this year, suggesting some old-fashioned growth in selling policies. That makes it hard to value it the same silly way as newly listed rival Zhong An.