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…
ZhongAn’s Insurance Sales Show Signs of Picking Up, But Challenges Remain
Data suggests growth in the digital insurer’s gross written premiums accelerated strongly in the second half of last year from the first half, but it continues to face numerous uncertaintiesKey…
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…
All in the Family: Cash-strapped ZhongAn Taps Chairman’s Ties to Fund a Money-losing Unit
Sinolink, majority-owned by ZhongAn’s chairman Ou Yaping, will provide about $103 million in fresh capital for a ZhongAn unit that develops businesses overseas Key Takeaways: Sinolink will buy about 156…
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…
