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Ping An Capital
Ping An Capital, founded as the venture investment arm of Chinese insurance giant Ping An Group, operates out of New York, Shanghai, and Santa Clara with...
Ping An Capital
Ping An Capital, founded as the venture investment arm of Chinese insurance giant Ping An Group, operates out of New York, Shanghai, and Santa Clara with managing directors Zhang Jiang and Zhou Hui at the helm. Its wealth origin is the corporate insurance conglomerate's strategic capital, not a family fortune. The firm targets early- to growth-stage opportunities across digital health, enterprise software, and financial technology. Portfolio companies include Yidu Cloud (a healthcare AI platform valued over $2B per media reports in 2020), Finsen Technology (dental digital solutions covered by Chinese news outlets in 2020), and Zhihu (a Quora-like platform that counts Ping An Capital as an early backer per Crunchbase). Geographically, it invests primarily in China and the United States, with occasional deals in Europe. The team has no publicly disclosed AUM or deployment figures. Ping An Capital employs roughly 20 investment professionals across three offices. The firm operates as a straight-up corporate venture unit rather than a family office. No philanthropic foundation or adjacent vehicle is publicly linked. In November 2019, portfolio company Siping Group completed a 1 billion yuan Series D plus round to build its value-based oncology care platform (per the firm, November 2019). What sets Ping An Capital apart is its direct capital source: it invests from the Ping An Group's balance sheet rather than external LP capital, giving it permanent capital and a long-dated investment horizon. This structure shields the firm from fundraising cycles typical of independent venture firms.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Shanghai, China · Santa Clara, United States
Principals
Zhang Jiang
Managing Director
Zhou Hui
Managing Director
Sector focus
Frequently asked questions
Who makes investment decisions at Ping An Capital?
Managing directors Zhang Jiang and Zhou Hui lead investment decisions, operating under the strategic direction of the Ping An Insurance Group. Their backgrounds are in healthcare and technology venture investing. (per the firm, pa-fund.pingan.com)
How does Ping An Capital source deal flow?
Ping An Capital leverages Ping An Group's vast insurance network in China for proprietary healthcare and fintech deals. They also source through US and Chinese venture ecosystems. No external GP relationships are publicly detailed. (per the firm)
Is Ping An Capital a family office?
No. Ping An Capital is the corporate venture capital arm of the publicly traded Ping An Insurance Group of China. It is not a family office. (per the firm)
What investment stages does Ping An Capital target?
It targets early- to growth-stage companies, from seed to Series C rounds, predominantly in healthcare and technology. The firm has made angel and A-round lead investments as well as later-stage growth funding. (per the firm)
Which sectors does Ping An Capital explicitly avoid?
The firm does not publicize a list of avoided sectors, but its disclosed portfolio focuses almost exclusively on healthcare and technology, with little real estate, consumer goods, or heavy industry exposure. (Altss estimate)
What is the relationship between Ping An Capital and Ping An Insurance Group?
Ping An Capital is a wholly owned venture investment arm of Ping An Insurance Group. It invests from the group’s balance sheet, giving it permanent capital independent of external fundraising cycles. (per the firm)
Does Ping An Capital participate in co-investments with external GPs?
Ping An Capital occasionally co-invests alongside other venture capital firms but does not publicly disclose co-investment partnerships. Its direct-only approach is typical for corporate venture units. (Altss estimate)
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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