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.…
ZhongAn weathers feeble economy with business from online shoppers, travelers
The digital insurer posted solid gross written premium growth for January and all of 2023, likely on the back of its popular insurance products for online shoppers and travelers Key…
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…
Shouhui serves up new insurance option for investors
The online insurance broker is well positioned in a market expected to grow strongly in the next five years, but faces uncertainty due to regulatory risk Key Takeaways: Shouhui has…
China-U.S. IPOs take big step toward resumption with Cheche listing
The operator of an online car insurance marketplace completed its SPAC listing last week after getting approval from China’s securities regulator Key Takeaways: Cheche completed a SPAC listing in New…
ZhongAn rides China’s early 2023 upswing back to profits
The digital insurer says it returned to the black, as it clocked its fastest revenue growth since 2017 in the first seven months of this year Key Takeaways: ZhongAn expects…
Fanhua uses savvy share-based acquisitions to rekindle growth
Fresh acquisitions paid for with the insurance broker’s stock yielded revenue growth that outpaced spending in the first quarter Key Takeaways: Fanhua’s revenue grew 21% in the first quarter, while…