Express

SoftBank-Backed Fintech Firm Joins Chinese Conglomerate To Build Blockchain Platform

Summary: OneConnect Financial Technology, which is the fintech arm of China’s largest insurance company, Ping An Insurance, has entered into a joint program with the China Merchants Port Group (CMPort) to build a logistics system based on blockchain for the Guangdong-Hong Kong-Macao Greater Bay Area. SoftBank led a Series A round in OneConnect with a valuation ...

OneConnect Financial Technology, which is the fintech arm of China’s largest insurance company, Ping An Insurance, has entered into a joint program with the China Merchants Port Group (CMPort) to build a logistics system based on blockchain for the Guangdong-Hong Kong-Macao Greater Bay Area. SoftBank led a Series A round in OneConnect with a valuation of $7.5 billion in 2018. The firm went public on the New York Stock Exchange in November last year.

Tracy Chen

Last Update:

Tags: ,
Link: SoftBank-Backed Fintech Firm Joins Chinese Conglomerate To Build Blockchain Platform   [Copy]
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago
  • You need to login to comment.