waterdrop Archives

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.

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.

Medical Crowdfunding Platform Waterdrop Responds to Reports of 70% Fees

Regarding recent reports, Chinese medical treatment crowdfunding platform Waterdrop responded that the so-called intermediaries were operated by some malicious third-party commercial organizations.

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.

Waterdrop CFO Confident in the Growth Potential of Tech Based Insurance Industry

Chinese online insurance company Waterdrop Inc. delivered its financial report for the first quarter of 2021, marking its first earnings release as a public company.

China VC Weekly: Robots, Insurtech and Crypto

In last week’s China VC news: Shenezhen-based robotic automation startup Youibot raises 100 million yuan, crypto services provided Babel Finance bags a $40 million Series A and insurtech firm Yuanbao capitalizes on competitor Waterdrop’s IPO by raising a 1 billion yuan Series C round.

Waterdrop Makes NYSE Debut, Aims to become China’s UnitedHealth Group in 10 Years

Chinese online insurance technology company Waterdrop Inc. said it will focus on expanding its user base in China’s lower-tier cities and growing its online insurance business.

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.

Health Startup Waterdrop Submits Prospectus to SEC

Chinese online medical insurance startup Waterdrop Inc. on April 17 formally submitted a prospectus to the United States Securities and Exchange Commission (SEC), in preparation for an initial public offering (IPO) at the New York Stock Exchange under the label of "WDH".

InsurTech Startup Waterdrop Set For US IPO, Latest Valuation Hitting Tens of Billions of Dollars

Leading online InsurTech company Waterdrop Inc. is reported to be in full preparation for a U.S. initial public offering (IPO) in the next quarter.

China VC Weekly: Edtech, Healthcare and China’s “Uber for Trucks”

This week two prominent Chinese online education players received considerable capital injections, while crowdfunding platform Waterdrop and China’s “Uber for trucks” Manbang also received significant investment.

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 VC Weekly: InsurTech, EdTech, Artificial Meat and Robots

Artificial meat company Starfield nets a $10 million series A, who currently offers nearly 20 artificial meat product titles.

Waterdrop Raises $230M in Series D Round

This is arguably the world’s largest financing round in the online InsurTech industry so far this year.

China VC Weekly: Health and Medicine

Chinese Tencent-backed insurance tech company Waterdrop Inc. announced that it has raised roughly $200 million at a valuation of approximately $2 billion, according to sources familiar with the matter.

Tencent-backed Health Startup Waterdrop Raises $200M in Series D Round

Waterdrop Inc. has raised around $200 million to fund its expansion in healthcare crowdfunding, at a valuation of approximately $2 billion.

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