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…
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…
Covid storm lifts for Waterdrop and Fanhua, as each eyes different path to new growth
The insurance brokers’ showed signs of improvement in the fourth quarter, as Waterdrop revved up several new products and Fanhua made a new acquisition last month Key Takeaways: Waterdrop returned…
Nowhere to Hide: ZhongAn Hammered by Stock and Bond Bloodbaths
The digital insurer’s stock has lost more than 10% since it warned it will post a net loss for the first half of 2022 due to significant investment losses Key…
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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