Page 13 - Source Code Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Chinese insurance marketplace uses AI to match consumers with suitable coverage options. And its digital-first solution can help bridge China's 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 Cathay Capital and Hike Capital,  per Deal Street Asia. Chinese in...

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 technologies and build smart insurance services. Despite its recent launch, Yuanbao has already onboarded mi...

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 Capital,  Qiming Venture Partners and US-based Susquehanna International Group participated in the roun...

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%, slashing more than $16 billion from the startup’s market cap. The slump continued through the w...

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