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…
Juicy margins set Zhongmiao apart among stodgy insurers
The insurance broker controlled by home-appliance maker Haier has filed for an IPO, boasting solid profits underpinned by its focus on corporate policies and a light cost structure Key Takeaways:…
NEWS WRAP: Fanhua details plan to go global, expand into high-tech healthcare
The Chinese insurance broker said it will use $500 million from a Singaporean investor to move beyond its home market through two medical-related acquisitions By Teri Yu Fanhua Inc.…
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…
Growth-hungry Fanhua finds a potential benefactor in Singaporean investor
The insurance broker has struck a deal to receive up to $1 billion in new investment for itself and recently acquired wealth manager unit Puyi Key Takeaways: Singapore-based White Group…
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…
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…