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…
In weak insurance market, Waterdrop finds solace in benevolence crowdfunding
The insurance broker’s net profit rose about 150% year-on-year in the third quarter, on the back of the strong performance for its crowdfunding business Key Takeaways: Waterdrop’s revenue increased just…
CHINA BULLETIN: Services, Trade Send Positive Signals
In this week’s issue positive trade signals, a major EV IPO and more sagging home sales. On a scale of 1 to 100, we give the week a 65 for…
ZhongAn may be betting on property rebound with Shanghai office buys
The online insurer has agreed to purchase two office buildings in Shanghai’s iconic Bund area amid signs that China’s commercial property market may have hit bottom Key Takeaways: ZhongAn has…
ZhongAn weathers feeble economy with business from online shoppers, travelers
The digital insurer posted solid gross written premium growth for January and all of 2023, likely on the back of its popular insurance products for online shoppers and travelers Key…
Shouhui serves up new insurance option for investors
The online insurance broker is well positioned in a market expected to grow strongly in the next five years, but faces uncertainty due to regulatory risk Key Takeaways: Shouhui has…
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…
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