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Ping An says the coronavirus will impact China's economy but has also been 'helpful' for its business

Ping An says the coronavirus will impact China's economy but has also been 'helpful' for business


Ping An says the coronavirus will impact China 's economy but has also been 'helpful' for business

Ping An Insurance's Jessica Tan tells CNBC how the company's technology expertise has given it an edge amid the ongoing coronavirus outbreak.

of February," referring to the extended holiday period in China. "That's something that very few people can do and we've been offering that to our financial services partners as well."Tan's comments came a day after Ping An posted earnings that missed expectations despite a more 39% surge in its 2019 net profit. The firm saw a net profit attributable to shareholders of the parent company of about 149.4 billion yuan (approx. $21.27 billion) in the year ended Dec. 31, 2019. That compared to a figure of about 107.4 billion yuan (approx. $15.29 billion) the previous year.

Ping An said in its 2019 annual report the virus has had "certain impacts on the business operation and overall economy" in certain areas or industries, including in Hubei province where the disease was first reported.Speaking with CNBC on Friday, Tan said a recovery was expected in the second half of the year and the outbreak will likely pan out positively in the longer-term for Ping An's health insurance and tech businesses.

Read more: CNBC

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O plz.

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Here's what happened to the stock market on WednesdayWorries over the coronavirus and its impact on the economy were assuaged slightly, lifting two of the three major indexes to record highs. People made money, the end

2019 Novel Coronavirus (2019-nCoV)2019 Novel Coronavirus (2019-nCoV) is a virus (more specifically, a coronavirus) identified as the cause of an outbreak of respiratory illness first detected in Wuhan, China . CDCgov DrNancyM_CDC Fakenews We *know* it's airborne. Just look at the spread on the Diamond Princess This misinformation does not instill confidence or trust CDCgov DrNancyM_CDC Can CDCgov DrNancyM_CDC please comment on why so few people who were infected are still sick? Why are there so few recoveries to date? Is this illness one that may be chronic with asymptomatic dormancy phases and symptomatic outbreak phases that come in cycles? CDCgov DrNancyM_CDC This is the lamest video I have ever seen.

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