Page 7 - Source Code Capital News Today

The Chinese insurance marketplace uses AI to match consumers with suitable coverage options. And its digital-first solution can help bridge Chinas insurance gap, especially since the life and health insurance market is set to grow. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included ...

Chinese insurtech raises mega-round for marketplace offering Download Share Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included Cathay Capital and Hike Capital, per Deal Street Asia. The insurtech only launched last year and holds a national insurance brokerage license. It operates as a marketplace, selling coverage options from third-party insurers. It will use the fresh capital to fund the R&D of its core technolo...

Chinese insurtech platform Yuanbao bags $156m Series C led by Source Code Fang Rui, founder and CEO of Chinese insurtech startup Yuanbao May 10, 2021 Chinese insurtech platform Yuanbao has secured nearly 1 billion yuan ($155.9 million) in a Series C round of financing led by Source Code Capital, which invests in early- and growth-stage tech companies in China, the startup announced on Monday. Cathay Capital alongside existing shareholders Beijing-based HIKE Capital, Northern Light Venture Capi...

How This Chinese Vaping Billionaire Became One Of The World’s Richest Women In Three Years Share to Linkedin Kate Wang, 39, jumped into the ranks of the world’s richest when her vaping company RLX went public on the New York Stock Exchange in January. Now the Procter & Gamble and Uber veteran faces looming threats from Chinese regulators and skeptical investors. In a period of 55 hours starting on the morning of March 22, shares in Chinese vaping company RLX Technology collapsed 54%, ...

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Texas County commits $30 million to third China-focused venture fund Print The $35.7 billion Texas County & District Retirement System, Austin, committed $30 million to a China-focused venture capital fund, a transaction report showed. The allocation from the systems $6.8 billion private equity/venture capital portfolio is to IDG Breyer Capital Fund, which is co-managed by existing manager IDG Capital and new manager Breyer Capital. TCDTRS earlier committed $80 million to two IDG China-focuse...

China Digest: Property agency Julive nets $62m; Style3D closes $31m March 11, 2021 Chinese online-to-offline (O2O) real estate agency Julive has raised 400 million yuan ($61.6 million) in a Series C+ round, while Style3D, which provides 3D digital modeling software for the apparel design industry, has secured 200 million yuan ($30.8 million) in a Series Pre-B round. Tencent, Oceanpine lead $62m round in Julive Chinese O2O real estate agency Julive announced on Thursday the completion of a Serie...

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Stori raises $32.5M in a Lightspeed-led Series B to build Mexico’s credit card for the masses While credit cards are commonplace in the United States, they are far less ubiquitous in many other countries, particularly those in Latin America. In Mexico in particular, cash remains the dominant method of payment, with an estimated 86% of all payments being in the form of cash. But card usage is growing as more people are shopping online than ever before. According to one recent study, Mexico top...

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