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,…
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…
ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake
Two of the digital insurer’s three big-name parents have trimmed their stakes recently, highlighting the need for company to grow independently Key takeaways: • Tencent reduced its stake in ZhongAn…
Insurance Anyone? Fanhua Struggles to Sell New Policies in Omicron-hit China
Company’s stock dropped after it posted a first-quarter net loss and revenue decline, hit by Covid curbs in China Key takeaways: • Fanhua posted a 37% revenue decline and net…
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