Ping An Technology is the key technology arm of the Ping An Group with research and development capabilities in cloud, artificial intelligence (AI) and big data technology. With AI widely seen as an investment-worthy technology for the financial industry, the company is putting it at the epicenter of investment.

Ericson Chan, CEO of the Ping An Technology, said the firm focuses on the whole spectrum of technology and spent 120 million US dollars in research and development last year. AI is core among a range of technologies including blockchain, cloud and security for Ping An Technology. And the company provides end-to-end solutions so that other companies can easily leverage on a subscription basis.

"I think AI is embedded into many things," Chan said. "But we do offer AI services as part of Ping An Cloud. For example, some of the other companies might want to leverage AI for wealth management purposes. During the wealth management sales process, we embed facial recognition, voice authentication, and microexpression. It is many different AI services bundled into one holistic solution."

At the same time, the company is starting to do big data analysis and put more effort on predictive AI for smart city and healthcare.

"For example... we have started to do illness forecast," Chan said. "We also do medical imaging. Last month, our medical imaging on lung nodule, from the x-ray through the machine learning modeling, we became the world's No.1 in accuracy."

Meanwhile, Chan is optimistic about its business prospects though he is acutely aware of the trade tension between China and US and ZTE ban issue.

"No matter what is happening in the market, we believe in eco-systems. We believe in open platforms. This is why we have five eco-systems from finance, health, house, auto, to smart city. We also always look for opportunities to partner with other institutes and companies. So whoever would like to partner with us, we would like to take a serious look at it," Chan said.

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