Chinese insurtech Yuanbao eyes US listing
June 17 2024 by InsuranceAsia News
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Former CCB manager faces bribery charge in Hong Kong over US$470,000 from Vesttoo employee
- June 9
The new charge by the Independent Commission Against Corruption alleges that the relationship manager at China Construction Bank accepted cryptocurrency Tether from the insurtech employee, a middleman, and others in exchange for authenticating false letters of credit and collateral letters.
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Bolttech closes US$147m series C fundraise from Sumitomo, Iberis Capital
- June 4
Japanese trading house also enters JV with the insurtech to deliver embedded insurance programmes.
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Chinese broker Yuanbao targets US$676m US IPO valuation: report
- April 25
Existing shareholders express interest in buying up to US$17 million worth of American Depositary Shares (ADSs), according to Reuters.
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Australia’s upcover secures US$12m in Series A round funding
- February 10
Round was led by RealVC, with investments from Antler Elevate's Global Fund, Betterlabs and Gandel Invest, and US$5m debt from Marshall Investments.
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HSBC Asset Management | China’s underestimated innovation capability – AI and beyond
DeepSeek’s breakthrough in artificial intelligence (AI) has gained a considerable amount of investor attention, lifting sentiment towards Chinese assets. We believe China’s innovation ability is not limited to AI.
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Beazley | Turbulent Waters: the maritime energy transition challenge
Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
