Announced
Financials
Sources
Tags
Pending
Single Bidder
Acquisition
Domestic
Insurance Brokers
Private
Minority
insurance & reinsurance services
insurance services
China
Friendly
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.
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