Announced
Completed
Financials
Sources
Tags
insurance & reinsurance services
Private
Completed
Insurance Brokers
Friendly
insurance services
Acquisition
China
Venture Capital
Single Bidder
Private Equity
Minority
Synopsis
Tencent Holdings and Swiss Re, a reinsurance services provider led a $230m series D round in Waterdrop, a Chinese insurance services provider. IDG Capital and Wisdom Choice Global Fund also participated in the round. “Amid the rapid expansion of the Chinese commercial health insurance market, Waterdrop has seized the market opportunity very well and used the power of technological innovation to help tens of millions of families. Tencent continues to be a long-term supporter of Waterdrop and will help it build an even better user experience,” Yu Haiyang, Tencent Managing Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.