China's Ping An to invest in education startup iTutorGroup

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China's Ping An to invest in education startup iTutorGroup
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Ping An Insurance Group Co Of China said on Friday it would invest in online edu...

FILE PHOTO: Company logo of Ping An Insurance Group is shown at a news conference following the company's announcement of its annual results in Hong Kong, China March 16, 2016. REUTERS/Bobby Yip/File Photo

iTutorGroup will work with Ping An to promote the application of Artificial Intelligence technology in education and the development of the online education industry, Ping An said in a statement on its social media platform. Ping An, the country’s largest insurer by market value, did not disclose the amount of investment but said it would use its technologies to enhance the individualisation and intelligence of iTutorGroup’s educational products.

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