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Chinese insurtech raises mega-round for marketplace offering


Chinese insurtech raises mega-round for marketplace offering
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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 millions of users with the help of its network of third-party insurers. Yuanbao has teamed up with domestic insurers including Huaxia Life Insurance, China Life Insurance, Sunshine Insurance, and People’s Insurance Company of China. It uses AI to help consumers find the insurance products that meet their needs, enabling users to access policies all in one place. Additionall ....

Yuan Bao , People Insurance Company Of China , Source Code Capital , Cathay Capital , Hike Capital , Ideal Street , Huaxia Life Insurance , China Life Insurance , Sunshine Insurance , Insurance Company , யுவான் பாவோ , மக்கள் காப்பீடு நிறுவனம் ஆஃப் சீனா , மூல குறியீடு மூலதனம் , கேத்தே மூலதனம் , உயர்வு மூலதனம் , ஒப்பந்தம் தெரு , சீனா வாழ்க்கை காப்பீடு , சூரிய ஒளி காப்பீடு , காப்பீடு நிறுவனம் ,

Chinese insurtech platform Yuanbao bags $156m Series C led by Source Code


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 round.
Thriving Capital, a Beijing-based investment bank, served as the exclusive financial advisor of the deal.
The Series C round is the fourth investment completed by Yuanbao although the startup initiated its operations only a year back. The new financing came shortly after Waterdrop, a Tencent-backed Chinese insurtech firm, raised $360 million in an initial public offe ....

Yuan Bao , Fang Rui , China Internet Network Information Centre , Sunshine Insurance Group , People Insurance Company Of China , Susquehanna International Group , Source Code Capital , Northern Light Venture Capital , Qiming Venture Partners , Tencent Backed Chinese , New York , Huaxia Life Insurance , China Life Insurance , Taikang Life Insurance , Insurance Company , யுவான் பாவோ , ஃப்யாஂக் ரயீ , சீனா இணையதளம் வலைப்பின்னல் தகவல் மையம் , சூரிய ஒளி காப்பீடு குழு , மக்கள் காப்பீடு நிறுவனம் ஆஃப் சீனா , லஸ்‌கசந சர்வதேச குழு , மூல குறியீடு மூலதனம் , வடக்கு ஒளி துணிகர மூலதனம் , புதியது யார்க் , சீனா வாழ்க்கை காப்பீடு , காப்பீடு நிறுவனம் ,

Top 10 Companies Behind The 2021 Midas List: Newcomers And IPOs Dominate

Top 10 Companies Behind The 2021 Midas List: Newcomers And IPOs Dominate
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

United States , Hong Kong , South Korea , South Korean , Michael Speiser Sutter Hill , Rick Heitzmann Firstmark , Koh Shunwei , Joe Lonsdale , Hans Tung , Meyer Malka Ribbit , Klaus Hommels Lakestar , Jenny Lee , Richard Liu , Scott Raney Redpoint , Andreessen Horowitz , Hemant Taneja , Reid Hoffman Greylock , Joel Cutler , Koichiro Nakamura Sozo , Beike Zhaofang , Saar Gur , Vinod Khosla , Chris Dixon Andreessen Horowitz , Jing Hong Gaocheng , David George Andreessen Horowitz , John Doerr Kleiner Perkins ,

How This Chinese Vaping Billionaire Became One Of The World's Richest Women In Three Years

How This Chinese Vaping Billionaire Became One Of The World's Richest Women In Three Years
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Hong Kong , So Wang , Inch On Gwangyoksi , South Korea , New York Stock Exchange , Kate Wang , David Jiang , Tristan Daboville , Patricia Kovacevic , Jack Ma Alibaba , Tony Tang , Charlie Chen , Erich Fromm , Chen Zhiping , Donald Graff , Yang Yangzi , Philip Morri , Ehud Kamar , Wen Yilong , William Oneil , Yuri Milner , York Stock Exchange , Bain Co , Drug Administration ,

How This Chinese Vaping Billionaire Became One Of The World's Richest Women In Three Years


How This Chinese Vaping Billionaire Became One Of The World’s Richest Women In Three Years
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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 week as investors sold on the news of a potential industry crackdown by China’s tobacco regulator and the Securities and Exchange Commission’s announcement that it would start enforcing a law to require Chinese listed companies to provide audits or risk being delisted. ....

New York , United States , Hong Kong , So Wang , Inch On Gwangyoksi , South Korea , New York Stock Exchange , Kate Wang , David Jiang , Tristan Daboville , Patricia Kovacevic , Jack Ma Alibaba , Tony Tang , Charlie Chen , Erich Fromm , Chen Zhiping , Donald Graff , Yang Yangzi , Philip Morri , Ehud Kamar , Wen Yilong , William Oneil , Yuri Milner , York Stock Exchange , Bain Co , Drug Administration ,