, Columnist
SoftBank Develops Ping An Fever
There are tempting targets beyond the Chinese insurer's Good Doctor.
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At this rate, SoftBank Group Corp.'s $100 billion Vision Fund may as well just buy China's second-largest insurer.
Ping An Insurance (Group) Co., valued at $214 billion, wants to be the nation's tech giant of insurance, and it looks like Masayoshi Son is happy to back those dreams. Indeed, his Vision Fund could do a lot worse than acquire the state-linked insurer that's beating China's tech giants in disrupting everything from one-click insurance cover to selling cars.