Richard Li-Backed Insurer FWD Group Reattempts Hong Kong IPO
On March 13, FWD Group, the Hong Kong-based insurer backed by tycoon Richard Li Tzar-kai, resubmitted its application to be listed on the Hong Kong Stock Exchange.
3/14/20233 min read
Tag: #Insurance
Showing 12 of 18 posts with this tag
Waterdrop Reports Net Operating Revenue of $145.5 Million, Starts Share Repurchase Program Valued up to $50 Million
Waterdrop, a platform dedicated to insurance and healthcare service, today reported a net operating revenue YoY increase of 38.0% to 939.4 million yuan ($145.5 million) in the second quarter of this year.
9/8/20213 min read
Waterdrop Founder Won't Pursue "996" Work Culture Outside China, Triggering Controversy
Shen Peng, the founder of insurance tech platform Waterdrop Inc., said at a forum in Singapore that when exploring overseas markets, Chinese companies cannot copy China's prevailing "996" work culture – a 12 hours per day, six days per week working schedule.
Chairman of Tencent's WeSure Quits
Liu Jiaming, Chairman of Tencent's WeSure, an insurance platform, officially left the job on July 15, and will soon join Animoca Brands, a Hong Kong-based mobile game development company, as the chief commercial officer (CBO).
7/18/20223 min read
New Energy Vehicle Companies Enter Insurance Industry
Since the beginning of this year, many Chinese new energy vehicle companies have entered the insurance industry by acquiring or setting up insurance brokers.
6/8/20223 min read
BYD Obtains License for Property Insurance
On May 9, the China Banking and Insurance Regulatory Commission issued a reply regarding the change of shareholders of Yi'an Property Insurance Co., Ltd., approving BYD Auto Industry Co., Ltd. to acquire 1 billion shares of Yi'an Property Insurance, with a shareholding ratio of 100%.
5/9/20232 min read
China VC Weekly: Semiconductors, Medtech and Insurance
In last week’s VC news, Shanghai-based semiconductor developer InnoStar Semiconductor raises a hefty pre-A round, medtech startup StoneWise completes two back-to-back rounds totalling $100 million and medical insurance firm Waterdrop prepares for listing in New York.
4/20/20214 min read
Waterdrop Plans for US IPO in First Quarter of 2021, Expected to Raise $500M
Chinese online InsurTech company Waterdrop Inc. is planning for an initial public offering in the US in the first quarter of 2021, expected to raise approximately $500 million.
China IPO Watch: Huize Holdings - Online Insurance Platform
Huize Holdings is a Shenzhen-based an online insurance cpmpany that aggregates insurance products and aims to provide a seamless user experience targeting the younger generation.
BYD Acquires an Internet Insurance Company for $530M
According to Chinese commercial information query platform Tianyancha, BYD's proposed acquisition worth 3.6 billion yuan ($530 million) for Yi'an Property Insurance Co., Ltd. was put in place on January 31. BYD will acquire 100% equity of the Internet insurance company.
2/6/20233 min read
Chinese Insurance Tech Startup Cheche Group Mulls US Listing through SPAC
Following the listing of Waterdrop on the NYSE in 2021, nearly two years later, another Chinese insurance technology company, Cheche Group, announced that it would complete its listing in the United States within this year.
2/1/20233 min read
WeChat and Alipay Integrate With National Health Insurance in China
WeChat Pay and Alipay have increased their utility for Chinese citizens by integrating with the country’s national healthcare system.