Ping An’s fintech halo is losing its glow

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[HONG KONG] A Chinese fintech glow is burning less brightly. Insurance titan Ping An just kicked off plans to take public its OneConnect banking software business in New York. A mooted US$5 billion valuation would be a third less than its most recent funding round last year, taking additional shine off the parent company’s efforts to rise above a stodgy industry reputation.

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