Chinese Xiaoyusan picks up $14 million in funding

Shenzhen-based digital life insurance broker Xiaoyusan announced it has picked up $14 million in Series B as it looks to implement AI and Big Data to improve its underwriting process. The startup was founded in 2015 and has since earned the trust of 3 million customers. Last, it works with Ping An, China Life, PICC Group and China Pacific Insurance; to name a few. Ever notice how busy Chinese websites are?

Recall 2017 insurance investments here.