“We have also introduced our venture capital fund, Aviva Ventures, in Asia with the objective of supporting start-ups that are at the forefront of innovation, and we are seeing good progress here,” he said in an announcement accompanying Aviva Asia’s financial results for the first six months of 2017. The UK's Aviva and Chinese online giant Tencent plan to form a joint venture with private equity firm Hillhouse Capital to launch a digital insurance product in Hong Kong. The companies, which are seeking regulatory approval for the venture, struck a deal earlier this year over Aviva's life insurance business to pave the way for the online offering. In an interview on CNBC's Squawk Box, Li said that he was "excited" about the potential of blockchain technology as part of his company's future plans.
The UK's Aviva and Chinese online giant Tencent plan to form a joint venture with private equity firm Hillhouse Capital to launch a digital insurance product in Hong Kong. The companies, which are seeking regulatory approval for the venture, struck a deal earlier this year over Aviva's life insurance business to pave the way for the online offering. In an interview on CNBC's Squawk Box, Li said that he was "excited" about the potential of blockchain technology as part of his company's future plans.