Ping An’s Fintech Unit Posts Widened Loss Even as Revenues Rise

What’s new: OneConnect Financial Technology Co. Ltd., a fintech unit of financial conglomerate Ping An Insurance (Group) Co. of China Ltd. (601318.SH), posted a widened net loss in the third quarter amid bribery allegations in late August.

New York-listed OneConnect lost 270 million ($42 million) yuan in the three months ending on Sept. 30, widening its loss during the same period last year by 11%, its latest earnings report shows.