Waterdrop revenue jumps, but profit falls on swelling marketing expenses
Insurance services provider Waterdrop Inc. (WDH.US) on Tuesday reported its revenue jumped 72.8% year-on-year to 1.45 billion yuan ($216 million) in the second quarter, driven by improvements in its risk…
Baige Online’s MaaS revenue jumps nearly 5.8 times through August
Internet insurance technology services provider Baige Online Digital Technology Co. Ltd. (2672.HK) announced on Sunday that revenue from its Model-as-a-Service (MaaS) business reached about 47.4 million yuan ($7.06 million) in…
Tax crackdown erodes edge for Hong Kong insurers
China’s scrutiny of offshore insurance income is forcing a rethink of return advantages for Hong Kong policies, which could weaken the appeal of dividend and savings products By Lee…
Jack Ma-backed insurer seeks riches in Hong Kong gold tokenization foray
Yunfeng Financial is leveraging its strong balance sheet and a strategic ether reserve to turn physical assets into a digital financial tool for professional investors in Hong Kong Key Takeaways:…
BRIEF: Shouhui swings to the black on financial instrument gains
Insurance intermediary services provider Shouhui Group Ltd. (2621.HK) said on Wednesday it expects to report a profit of between 780 million yuan ($114 million) and 800 million yuan for 2025, reversing a…
Waterdrop splashes back to revenue growth. But are investors listening?
The insurance broker’s revenue rose 38.4% in the third quarter, boosted by a 20-fold increase for its young technical services business Key Takeaways: Waterdrop looks set to return to strong…
MoneyHero’s insurance and wealth shift boosts margins as it approaches profitability
The personal finance platform’s gross margin rose by 16 percentage points in the second quarter, as it focused on its higher-margin insurance and wealth segments Key Takeaways: MoneyHero’s adjusted EBITDA…
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