NEWS WRAP: OneConnect’s losses narrow as cost cuts offset revenue decline
The provider of technology products and services to banks and insurers blamed a “lagging” business recovery for its 14% revenue decline in the three months to June By Doug…
OCFT.US
6638.HK
FAST NEWS: OneConnect Cashes Out of Non-core Business
The latest: Financial technology service provider OneConnect Financial Technology Co. Ltd. (OCFT.US; 6638.HK) on Thursday said it sold its 40% stake in Puhui Lixin to Puhui Management, a company principally…
OneConnect Files for Hong Kong Listing, But Customer Diversification Remains Key
Latest results show the fintech services provider’s pool of ‘high-value customers’ increased substantially last year, a positive sign as it plans a dual listing in Hong Kong Key Takeaways: OneConnect…
Finding Middle Ground: Chinese Companies Need to Recalibrate Their Global Strategies
The world is a far different place from the one Chinese companies faced when they first began going out. They need to change their strategies to reflect that By Lub…
FAST NEWS: OneConnect Partners with Central Bank-Backed Fintech
The latest: OneConnect Financial Technology Co. Ltd. (OCFT.US), a financial software affiliate of Ping An Group, announced it has entered a strategic partnership with Chengfang Financial Technology Co. Ltd. Under…
OneConnect’s New Win in Promising Indonesian Market Fails to Impress Investors
Technology as-a-service provider’s shares dropped more than 3% on the day it announced a new business contract with PT Bank Mayapada Key takeaways: • OneConnect signs new partnership to assist…
Software Spinoff OneConnect Unable to Cut the Cord from Powerful Parent
Company’s shares have lost a third of their value over the past week since it revealed it still gets two-thirds of its revenue from Ping An-related sources Key Takeaways: More…
