Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, technology business

Ping An Insurance (Group), China’s largest insurer by market capitalization, said its 2023 earnings fell to a five-year low as strong sales of new policies were offset by setbacks in their asset management businesses and technology investments. Its net profit fell 23 percent year-on-year to 85.67 billion yuan ($11.9 billion), according to a stock exchange … Read more