Ping An Insurance (601318.SHA) raised HK$36.5 billion (US$4.7 billion) on Sunday through a private placement of new shares with investors including Alibaba’s (BABA.NYSE) Jack Ma and Tencent’s (700.HKG) Pony Ma, The Financial Times reported, citing an exchange filing, an unnamed source at Alibaba and a report in financial magazine Caijing. Privately owned Ping An, which also controls the separately listed Ping An Bank (000001.SHE) has been among China’s most aggressive groups in pursuing internet finance ventures. Its affiliates include Lufax.com, the peer-to-peer lending platform, and online payment company 1qianbao.com.
Categories