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…
CCG.US
FAST NEWS: Waterdrop posts sixth consecutive quarterly profit
The latest: Online insurer Waterdrop Inc. (WDH.US) on Thursday reported a 21.7 million yuan ($2.95 million) net profit in the second quarter, its sixth consecutive quarterly profit. Looking up: The company's insurance…
WDH.US
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…
FANH.US
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…
WDH.US
FANH.US
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…
