In Part 1 of this article, I’ve shared on the incredible business moat of both Ping An’s core insurance and tech businesses such as its fin-tech, health-tech companies supported by its in-house core technologies which include AI, block-chain and cloud ecosystems. One of its tech unicorns, Ping An Good Doctor (Included in the Hang Seng Tech Index) seen its revenue from online healthcare services grew 106.8% year on year in the first half of 2020 and its online platform was accessed 1.11 billion times during the peak of the COVID-19 epidemic [1]. If you haven’t read the Part 1 of this article, do check it out prior to reading Part 2.
We will be touching on the Management and Financial aspects of the business in Part 2.
Management
Ma Mingzhe is the founder of Ping An Insurance and are one of the few who brought in foreign investors such as HSBC, Morgan Stanley and Goldman Sachs. [2]....