Sunshine chases investment income amid tepid demand for its insurance
The insurer plans to set up a subsidiary that will run a 20 billion yuan fund investing in stocks and fixed-income instruments Key Takeaways: Sunshine’s asset management unit will set…
BRIEF: Yuanbao raises $30 million in Nasdaq IPO
Shares of online insurance distributor Yuanbao Inc. (YB.US) rose 6.4% in their trading debut on the Nasdaq on Wednesday, only to give back all the gains the next day to…
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,…
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