emerging markets News
Investors With China’s Anbang Insurance, Now Dajia; to Sell Controlling Stake For $5.2B
Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), ...
Indian Fintech Startup Digit Is Raising $200M to Boost Insurance Customer Reach
Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising ...
Amazon-Backed Digital Insurer in India Hopes to Raise $200M in New Financing
Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed ...
China-Based InsurTech Waterdrop Hopes to Raise $360M in New York IPO
Chinese online insurance technology firm Waterdrop Inc aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed ...
China Fintech Firm Clampdown Widens
Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order them to strengthen compliance with ...
Chinese Online Insurance Tech Firm Facing Domestic Pushback Over Planned IPO
Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people ...
Indian Online Insurance Platform Policybazaar Plans Mumbai IPO
Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to ...
India Further Opens Its Insurance Sector to Foreigners
India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an economy battered by the pandemic. Lawmakers approved a legislation ...