Tencent to invest in Waterdrop in a $150m.

Synopsis

Tencent agreed to invest in Waterdrop, a Chinese insurance services provider, in a $150m. The company will use the funds to expand its online platform and bolster its technology. The funding also provides further ammunition for Waterdrop to compete against Ant Group in the insurance technology sector.

Principals

target

Waterdrop

bidder

Tencent Holdings

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Market Context

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Seller Team (1)

peng shen

Founder and CEO at WATERDROP INC

Manager

target

Deals

£ 287 M

Total Value

Bidder Team (1)

yu haiyang

Managing Director at TENCENT HOLDINGS LIMITED

Manager

bidder

Deals

£ 287 M

Total Value

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