OneConnect reports a 138.9% increase in net profit for 2024, plans expansion in ASEAN.

OneConnect, a financial technology firm, reported a net profit of RMB110 million for the first nine months of 2024, marking a 138.9% year-over-year increase. Revenue from overseas third-party customers rose by 23.4% year-over-year, despite a 48.3% drop in Q3 revenue from continuing operations due to phasing out certain segments. The company plans to expand in six ASEAN countries and has already served over 20 countries and 192 financial institutions.

November 14, 2024
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