DCP Capital Partners, a private equity firm, led a $235m funding round in Datong, an insurance services provider. Additional investors include China Merchants Ventures, ZWC Partners and Huagai Capital. "We are excited to enter into this strategic partnership with Datong. Datong has an outstanding professional management team, best-in-class insurance agents, deep industry insights and a forward-looking vision for the sector. With rising demand for professional insurance services, China's insurance services industry is experiencing a pivotal transformational moment and can look ahead to exciting growth opportunities. DCP will bring our deep operational expertise and extensive industry experiences to Datong and work closely with the management team to further reinforce its market leading position," David Liu, DCP Executive Chairman.