Incubating New Technologies

Sino Group and Ping An Smart City have launched PropXTech, a corporate innovation programme that focuses on property technology (proptech). PropXTech aims to foster promising technology companies in the Greater Bay Area and establish holistic solutions in targeted areas such as geospatial technologies, robotics, smart cities and homes, AR and VR, Internet of Things (IoT) and machine learning, which are conducive to the long-term development of the industry.

Operated by the Ping An Technology Innovation Centre team, the four-month programme commenced in March 2021 with its first batch of ten technology companies. Participants will attend training sessions and workshops, gain access to Sino Inno Lab, the Group’s sandbox platform to develop pilots and proofs of concept, as well as test and fine-tune their solutions in a real-world environment. In addition, the operations team, global mentors and a dedicated account manager will provide hands-on assistance. Before concluding the programme, participants will showcase their achievements and connect with investors and partners to discuss funding prospects.

‘We’re excited to join hands with Ping An Smart City on PropXTech. We believe our path to the future is paved with technology and innovation. Together, we look forward to developing a holistic solution that improves our service offerings and helps us transform the real estate industry,’ says David Ng, Group Associate Director of Sino Group.

Mr Hu Wei, Co-President & CTO of Ping An Smart City, has high expectations as well. ‘The programme epitomises Ping An Smart City’s efforts to innovate and digitalise with the latest technologies. With partners like Sino Group, we believe we can contribute to building the next generation of modern cities,’ he says.

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