Ping An Appoints AI Expert Ray Wang as Chief Technology Officer to Accelerate Comprehensive Digital Transformation
Ray Wang holds a master's degree in computer science from the National University of Singapore. Prior to joining Ping An, he held senior technical management roles at globally renowned companies such as Google and Bloomberg. In 2015, Wang became Chief Architect at Baidu, where he spearheaded the development of Baidu Wallet and financial services. In 2016, he joined Ant Group, serving as Vice President and CTO of Ant Fortune and Ant Insurance. At Ant Group, he led innovations in digital finance and AI, managing technical and research teams across wealth management, insurance, consumer finance, MYbank, and Zhima Credit. He launched pioneering generative AI products such as AI financial assistant and AI financial business assistant. With nearly 20 years of experience in the "finance + technology" sector, Wang brings extensive expertise in the digital transformation of financial services, the development and application of financial large models, top-tier technical skills, and exceptional innovation capabilities.
In recent years, Ping An has been oriented by customer needs, focusing on empowering business scenarios as its core strategy. Ping An has continuously invests in R&D to build leading technological capabilities, which have been widely utilized to enable its core financial businesses and accelerate the development of its "integrated finance + health and senior care" ecosystem. This strengthened Ping An's internal smart application of business scenarios, while promoting the digital transformation of the industry as a whole. The Company has built a "953" technology foundation backed by the data of nine major databases, technical support from the five laboratories, and development and application services of the three technology companies, which creating an AI moat. As of the end of 2024, Ping An has a first-class technology team of over 21,000 technology developers and more than 3,000 scientists. As of March 31, 2025, Ping An cumulatively won 45 championships in domestic and overseas AI competitions and cumulatively filed 55,435 patent applications, leading most international financial institutions.
About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its nearly 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 27 th in the Forbes Global 2000 list in 2025 and 47 th in the Fortune Global 500 list in 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Korea Herald
12 hours ago
- Korea Herald
Where the Industry Connects: Bangkok's Building Construction Technology Expo Announces Robust Lineup of Conferences and Workshops
BANGKOK, Aug. 1, 2025 /PRNewswire/ -- Asia's leading Building Construction Technology Expo (BCT Expo) returns to Bangkok with a line-up of dynamic conferences, workshops and industry networking opportunities, taking place from 3 rd to 5 th September at IMPACT Exhibition and Convention Centre. The Southeast Asia construction market was valued at around US $538 billion in 2024, with forecasts pointing to 6% to 6.2% annual Compound Annual Growth Rate (CAGR) through 2028. For Thailand, the construction industry is a significant driver of growth, contributing substantially to the country's economy. It is against this market backdrop that BCT Expo 2025 is organized to serve as Southeast Asia's premier "Construction & Mining Meeting Place". This event is set to welcome over 150 exhibiting brands and 4,000 industry professionals across the entire spectrum of the building, construction and mining sector for 3 days of business exchanges, partnerships and opportunities. To further connect the industry, BCT Expo is bringing together a robust line-up of free-to-attend conferences and workshop with over 39 keynote and panel discussion sessions, featuring over 45 speakers and industry gurus, who will gather to share and discuss the latest trends, know-hows, innovation and issues shaping the future of the Southeast Asian building and construction industry and markets. These forum sessions will touch on a range of insightful topics in sectors such as mining, tall buildings and vertical cities, construction AI and robotics, construction safety, smart financing, green construction, smart facility management, heavy equipment and technology trends, pre-cast technology, piling, and concrete, just to name a few. It is known that Thailand construction is one of the most dangerous sectors, but BCT Expo is committed to raising safety standards by equipping engineers and contractors with practical knowledge and certifications to build a safer future. BCT Expo aims to uplift the construction safety standards of Thailand, through a series of certification workshops and skill development courses on fire and safety, and work environment hazard assessments. These courses, to be conducted by the Chonburi's Safety Officers Club will be attended by safety officers, engineers, and contractors At the same time, the Thai Lifting Engineering, Crane and Heavy Equipment Association will provide certified practical workshops, with professional development units (PDUs) points for participants, on safety knowledge and practices on crane and heavy construction machinery operations. BCT Expo 2025 will also see the conduct of a whole range of interactive industry activities across its exhibition show floor that will include: BCT Expo 2025 will provide attendees with plenty of business exchanges, in-depth and insightful understanding on the dynamics of the growing building and construction market in Thailand and Southeast Asia. In addition, the event will offer plenty of opportunities networking opportunities for attendees to renew and seek new networks. Register now at to secure your complimentary pass and make the most of your visit. IMPACT Exhibition Management Co. Ltd. IMPACT Exhibition Management Co., Ltd. is the leading exhibition organizer in Thailand. We organize and manage professional trade and public exhibitions, conferences, meetings and training, working in hand with international trade associations, organizers, and corporations across a broad spectrum of industries.
Korea Herald
12 hours ago
- Korea Herald
Under the Patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan ADFW 2025 Set to Double in Size at New Location
ABU DHABI, UAE, Aug. 1, 2025 /PRNewswire/ -- Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW), the largest financial event in the region, will return for an ambitious fourth edition, which will see it double in size, and cement its status as a top global gathering of financial leaders. The flagship financial event of the MEASA region, hosted by ADGM, the international financial centre of Abu Dhabi and headlined by ADQ, will run from 8 th December to 1 1 th December 202 5. The agenda for the 2025 edition is designed around the theme of ' Engineering the Capital Network '. 'Engineering' highlights the use of new technologies in re-architecting modern finance, particularly artificial intelligence and quantum technologies. 'Capital Network' reflects the evolving flows and dynamics of financial centres. In a world where gravitational forces from economic giants like China, India, the U.S., and Europe have increasingly centred the nexus of the global market in the Gulf, Abu Dhabi is at the heart of global capital flows and the destination of choice for global participants. The theme also underscores Abu Dhabi's evolution from primarily a capital exporter to a two-way system of capital flows, powered by leading institutions and a world-class regulatory ecosystem at ADGM. Commenting on this year's ADFW, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM, said, " ADFW 2025 is set to be our most ambitious edition of this hugely successful event. With this year's edition to be held at a new location and doubl e in size from last year's ADFW venue, we are setting a new standard for financial gatherings in the region and beyond. This reflects Abu Dhabi's growing influence in global capital markets and our commitment to continue creating a truly international financial platform." ADFW has become a launchpad and stage for international deals, partnerships and major announcements. In 2023, global financial institutions representing USD 450 billion of assets under management (AUM) announced at the event that they were setting up in ADGM. This momentum continued in 2024 and during last year's ADFW, institutions representing USD 650 billion in AUM announced they were joining the ADGM community. ADFW 2024 gathered over 20,000+ global leaders, experts, executives, and policymakers, collectively controlling USD 42.5 t rillion of assets, and featured over 350 sessions across more than 60 industry-shaping events and strategic forums, with leaders gathering to address major market challenges in economics, asset management, technology and sustainability. Last year, Abu Dhabi's sovereign wealth funds managed an unparalleled USD 1.7 trillion of assets, cementing its status as the world's wealthiest city and empowering its financial might to drive long-term investments and economic resilience.
Korea Herald
12 hours ago
- Korea Herald
FORTUNE ANNOUNCED FORTUNE CHINA 500 RANKINGS, SERES HAD THE BIGGEST LEAP IN 2025 RANKINGS DRIVEN BY AITO BRAND GROWTH
SERES fastest-rising company of Fortune China 2025, outpacing peers in China's competitive NEV market. CHONGQING, China, Aug. 1, 2025 /PRNewswire/ -- SERES has emerged as this year's biggest mover on the 2025 Fortune China 500 list, vaulting to 169th place, a jump of 235 spots from last year's 404th position. This dramatic rise underscores SERES' rapid growth in the highly competitive new energy vehicle (NEV) market. In 2024, SERES' revenue surged to RMB 145.2 billion (approx. US$20.2 billion), up 305% year on year, while net profit attributable to shareholders reached RMB 5.95 billion. The company's annual NEV sales reached 420,000 units, an increase of more than 182%, driving its gross profit margin for the NEV business to 26.21%—a new record high. Fortune highlighted that amid rapid NEV sector growth and intensifying competition, SERES' success was driven by its close collaboration with partners, enabling continuous product innovation and operational excellence. AITO Brand Fuels Growth AITO, the luxury NEV brand founded in 2021, has been a core growth driver. In just 40 months, AITO achieved over 700,000 cumulative deliveries, setting a new record for delivery speed among luxury NEV brands in China including over 200,000 units delivered of the flagship model AITO M9 and deliveries of the recently launched AITO M8 already surpassing 40,000 units. In addition, the new AITO M7 series has maintained its position as the top-selling model in the highly competitive RMB 300,000 (approx. US$42,000) segment from 2024 to the present, setting a new record for Chinese luxury new energy brands. These milestones demonstrate the brand's ability to deliver advanced intelligent luxury experiences while accelerating its expansion in both domestic and overseas markets. With its strong manufacturing capabilities, deep collaboration on intelligent vehicle technologies, and a growing product portfolio, SERES is well-positioned to further strengthen its leadership in China's NEV market and make significant strides globally.
