China Digest: DCM, Lightspeed back oral care brand BOP; Genskey bags $15m
Oriza Seed, an early-stage equity investment platform, and Taikang Investment invested in Genskey.
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Oriza Seed, an early-stage equity investment platform, and Taikang Investment invested in Genskey.
The fresh funding was co-led by Chinese asset manager CITIC Private Equity Funds Management Co., Ltd (CPE), and Taikang Insurance Group.
China ageing population, with years of experience in underwriting medical and retirement products has snow-balled into crisis of its state pension system and
China's crisis in state pension system, unlock USD 15.3 trl 21 May 2021, 13:37 GMT+10 Beijing [China], May 21 (ANI): Hong Kong insurance sector is eyeing China's USD 15.3 trillion savings to avert a crisis in its state pension system, the size of the world's second-largest economy. Georgina Lee and Enoch Yiu writing in South China Morning Post (SCMP), said that China turned to private insurers to help unlock USD 15.3 trillion of savings and avert a crisis in the state pension system as mainland insurers are tasked to convert savings into investment in retirement products as state pension pot ...
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...