(Hong Kong, Shanghai, 17 October 2018) Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or “the Group” or “the Company”, HKEx: 2318; SSE: 601318) today presented the strategic upgrade of Ping An Cloud which is entering a new phase of offering cloud services to external customers.

The company stage a 2018 Ping An Cloud Conference yesterday themed “Building Your Smart Future.” Ping An Cloud announced its strategic partnership with GitHub at the event in Shenzhen, the world’s largest source code repository and management platform. Meanwhile, consultancy firm IDC also announced the “IDC’s White Paper on Cloud Computing of Financial Industry”.

As one of the biggest integrated financial service platforms in China, Ping An started to build its own cloud computing platform – Ping An Cloud – in 2013. While focusing on the financial industry, Ping An also laid its foundation in the five major ecosystems: finance, healthcare, smart city, real estate and auto, and developed comprehensive industry expansion. As the integrated cloud services exporting platform of the Group, Ping An Cloud is building a comprehensive ecosystem to cover the entire industry, by collaborating with external strategic partners, as well as continuing to strengthen the R&D investment and expand the borders of the five major ecosystems.

Ping An Cloud also announced the deep collaboration with GitHub. GitHub will provide GitHub Enterprise products and services to China enterprises via Ping An Cloud. In the future, both groups will explore business opportunities in diverse aspects together, to build up ecosystems in financial, educational, startup, and related fields.

Ms. Jessica Tan, Deputy Group CEO, Chief Operating Officer, and Chief Information Officer of Ping An, said, “The global cloud market is surging and cloud computing is highly valued by domestic governments at all levels. The industry has evolved to a new stage of ‘comprehensive digital transformation’. As the foundation of AI, blockchain, and big data, while supporting its own businesses, Ping An Cloud also keeps strengthening its ability to expand. By incorporating internal and external partners, Ping An opens up the cloud ecosystem to serve enterprise clients in the five key industries of financial services, healthcare, smart city, real estate, and auto services.”

The strategic upgrade of Ping An Cloud comes at the right time. According to relevant statistics, the Chinese market only accounts for 4% of the global cloud service market, but the speed of development is significantly higher than the growth of the global cloud computing market, and the PaaS market will also become a new growth point. By analyzing the challenges and pain points of different industries, Ping An has tailored the cloud services to meet different customer demands. Ping An Cloud can provide safe, reliable and professional IaaS, PaaS and SaaS full-stack cloud services for different industries to bring their operations online and create intelligent services to improve business efficiency.

At the conference, Kitty Fok, Managing Director of IDC China, announced the “IDC’s White Paper on Cloud Computing of Financial Industry”, which analyzes and forecasts the financial cloud market in detail, and offers guidance for financial institutions on how to leverage cloud services. IDC believes that Ping An Cloud, backed by Ping An's business and technological advantages in the financial industry and its experience in deploying and migrating cloud solutions for many financial institutions, has unique advantages in the entire financial cloud market.

About Ping An Cloud

With the rapid development of cloud computing and the accelerating pace of the “Internet+” of traditional industries, cloud computing has become one of the core drivers for industry and enterprise transformation, and the finance industry is no exception. After five years, Ping An has developed Ping An Cloud to become the largest database and a global leading technology powerhouse among Chinese financial institutions.

Ping An Cloud has built a comprehensive end-to-end full stack solution from data center infrastructure to top-level SaaS, combining facial recognition, voice recognition, micro-expression, Ping An Brain and other industry-leading AI and big data technology. Ping An Cloud has formed its own differentiated advantages in development, security compliance, stability and reliability and professional services.

Ping An Cloud's one-stop portal has launched more than 10 solutions covering finance, healthcare, education and security, integrating over 70 cloud products, and vertically extending to nearly 2,000 financial and quasi-financial institutions, over 42,000 Wanjia clinics, and more than 200 OneConnect platforms. At present, Ping An Cloud has covered more than 95% of Ping An Group's professional subsidiaries and 80% of its business systems, and has hosted 400 million internet financial users, making it the largest and most widely used cloud platform in the financial industry.