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…
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Cheche Rides Renewed Optimism on Chinese Stocks to U.S. Listing
The Tencent-backed online auto insurance broker is seeking a U.S. listing through a backdoor SPAC merger, just as investors are flocking back to Chinese stocksKey Takeaways:Cheche Technology plans to list…
Fanhua Decides to Stay on Wall Street, Citing Improving U.S.-China Climate
The insurance broker’s founder withdrew his privatization bid launched a year ago, saying the risk of Chinese companies being forced to de-list from New York has been ‘substantially’ reducedKey Takeaways:Fanhua…
FAST NEWS: Online Insurer Waterdrop Posts Third Consecutive Quarterly Profit
The latest: Online insurer Waterdrop Inc. (WDH.US) on Tuesday reported a third-quarter net profit of 170 million yuan ($24.4 million), reversing a 479 yuan million yuan loss in the same…
FAST NEWS: Waterdrop Flows to Profit After Cost-Control Measures
The latest: Online insurer Waterdrop Inc. (WDH.US) successfully turned a loss into a profit in the first quarter of the year, with a net profit of 105 million yuan ($15.6 million) from a…
Online Insurers Enter Cost-Cutting Competition in Evolving Chinese Market
Waterdrop and ZhongAn boast stronger valuations than rival Fanhua after more successful cost-reduction efforts last year Key Takeways: • Waterdrop reported a significantly narrower net loss in last year’s fourth…
ZhongAn’s Big-Tech Ties in Focus as Alibaba-linked Ant Trims Stake
Online insurer’s shares tumbled after Ant Group disclosed plan to trim its longtime stake, but later rebounded after Ant affirmed its commitment to their strategic ties Key takeaways: • Ant…
