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]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 12 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 19 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 23 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 25 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... August 29, 2025

    • You need to login to comment.