Fanhua hits reset button, but has yet to say where exactly it’s going
The company will change its name from next month and installed a new chairman, as it tries to move beyond its original business in China’s heavily regulated insurance market Key…
Yuanbao drives business with technology-driven insurance services in tough market
The online insurance distributor has filed for a Nasdaq IPO, reporting rapid revenue growth despite economic challenges in China Key Takeaways: Yuanbao has filed for an IPO in New York,…
BRIEF: Fanhua’s revenue down sharply on falling commission rates
Financial services provider Fanhua Inc. (FANH.US) reported on Wednesday its revenue fell 42.7% in the first half of 2024 to 1.12 billion yuan ($158 million), blaming falling commission rates and…
Fanhua seeks support in share buyback as global expansion stalls
The insurance broker will double the size of an ongoing share buyback program, now equal to nearly half of its market value, as its share price tanks Key Takeaways: Fanhua’s…
Juicy margins set Zhongmiao apart among stodgy insurers
The insurance broker controlled by home-appliance maker Haier has filed for an IPO, boasting solid profits underpinned by its focus on corporate policies and a light cost structure Key Takeaways:…
NEWS WRAP: Fanhua details plan to go global, expand into high-tech healthcare
The Chinese insurance broker said it will use $500 million from a Singaporean investor to move beyond its home market through two medical-related acquisitions By Teri Yu Fanhua Inc.…
Growth-hungry Fanhua finds a potential benefactor in Singaporean investor
The insurance broker has struck a deal to receive up to $1 billion in new investment for itself and recently acquired wealth manager unit Puyi Key Takeaways: Singapore-based White Group…
