a 48% stake in Chinese car website Autohome Inc. from Telstra Corp. for $1.6 billion. In February 2018, three technology subsidiaries of Ping An completed private placement financing, which received positive responses particularly from international institutional investors. They were Ping An Healthcare and Technology Company Limited, Ping An Medical and Healthcare Management Co., Ltd and OneConnect Financial Technology Co., LTD. In May 2018, Ping An Good Doctor was listed on the Hong Kong Stock Exchange. In June 2019, Ping An One Connect Bank officially commenced operation after receiving a virtual banking license from the Hong Kong Monetary Authority in May 2019. In December 2019, OneConnect Financial Technology was listed on the New York Stock Exchange. In October 2020, Lufax, one of China's leading online wealth management platform, listed on the New York Stock Exchange. Over the years, Ping An has launched fintech and healthcare businesses such as Lufax Holding, OneConnect, Ping An Good Doctor (1833.HK), and Ping An HealthKonnect. Brand Finance ranked Ping An Insurance as one of the top global insurance brands, and as of 2021, the most valuable global financial brand in the world. In January 2022, Ping An Life received approval from the CBIRC for its investment in New Founder Group. In March 2022, Ping An Life launched a home care service for the elderly. Technology-Powered Business Transformation Ping An invests 1% of its revenues into R&D (which itself consists of 10% of its annual profits), specifically, on new technologies of AI, Blockchain and Cloud Computing for ten years to transform its financial services and support the building of its five ecosystems: financial services, healthcare, auto services, real estate services, and smart city services. More than 598 million users are connected to at least one of those ecosystems. Over the years, Ping An has successfully launched fintech and healthtech businesses such as Lufax Holding, OneConnect, Ping An Good Doctor (1833.HK), and Ping An HealthKonnect. Ping An's AskBob Doctor has ranked first in one of the three tasks in MEDIQA 2021, an AI healthcare questionand- answer contest hosted by the Association for Computational Linguistics. In 2021, AskBob Doctor scored an average 92.4 points while the six endocrinologists human team scored 89.5 points in an International Human-Machine Competition on Diabetes Management. In August 2022, Ping An launched an earth observation optical remote sensing satellite, PinAn-3 which also called Taijing-1 01. Ownership Ping An is a publicly listed company. As