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Waterdrop raises $230 million

By Avi Ben-Hutta ·

Waterdrop distributes insurance policies online via Waterdrop Insurance Mall, provides illness crowdfunding via its platform Waterdrop Crowdfunding, and operates mutual funds.

Blue becomes 1st insurer in Hong Kong to adopt Tencent Cloud

By Shefi Ben-Hutta ·

, the first digital life insurer in Hong Kong, has announced the successful transformation and deployment of its cloud-enabled core infrastructure, making it the first insurer in Hong Kong to operate its...

N26 Extends Series D Funding to $470m

By Shefi Ben-Hutta ·

has announced a $170m extension of its Series D funding round to $470m; the extension drives the startup’s valuation to $3.5b. All previous investors from the Series D funding round in January 2019 extended...

Blue to Start Operations in Hong Kong

By Avi Ben-Hutta ·

, “Hong Kong’s first digital life insurer” is now live. The new digital insurer is a joint venture between Aviva, Tencent and Hillhouse, offering life and critical illness insurance via...

Tencent Partners with Babylon Health to Launch into the Chinese Healthcare Market

By Shefi Ben-Hutta ·

Tencent announced its partnership with UK-based digital healthcare company Babylon Health, which will see both parties leveraging Babylon’s artificial intelligence system to deliver personal health assessments, treatment advice and individual...

Aviva, Hillhouse Capital, Tencent Receive Regulatory Approval for Digital JV

By Avi Ben-Hutta ·

Aviva, Hillhouse Capital and Tencent have completed the transaction to develop a digital insurance joint venture in Hong Kong. The joint venture has been approved by the Hong Kong...

The begining of Aviva Hong Kong

By Shefi Ben-Hutta ·

Aviva, Hillhouse Capital and Tencent (think: ZhongAn backer) have agreed to create a digital insurer in Hong Kong to sell life insurance. Aviva and Hillhouse will each keep 40% and Tencent will keep 20% in the...

Here to ensure you’re never lost

By Melissa Kramer ·

Tech-everything giant Tencent is about to purchase a stake in Here, a German mapping company. Chinese mapping company NavInfo and Singapore-based investment firm GIC will join in the fun. All in all, the trio...

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