19 January 2019

Ping An belts up for online car sales, paper says

Ping An Insurance (Group) Co. Ltd. (02318.HK, 601318.CN) has set up a subsidiary to handle online sales of second-hand cars, the Beijing Times reported Tuesday, citing a company announcement. The subsidiary aims to set up 26 branches nationwide by 2014 to cover online auctions, offline sales as well as car insurance, the paper said.

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