Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet … ( read original story …)
Tagged By beijing
China’s Alibaba Says Business Is Back to Normal, Quarterly Profits Hit $5.6 Billion
Alibaba, Chinese e-commerce and entertainment giant, says that the worst of the economic fallout from the coronavirus is now behind it. Indeed, the health and economic crisis is accelerating digital … ( read original story…
Bank of East Asia interim profit jumps on efforts to contain bad loans from ill-fated strategy in mainland China business
The Bank of East Asia (BEA) said efforts to arrest a surge in bad loans in its mainland China business are paying off, as earnings improved from its worst year in a decade despite pressure…
China’s Waterdrop nabs $230M for its crowdfunded, mutual aid insurance platform
When people in the US or Europe think of crowdfunding and medical expenses, sites like GoFundMe, where people fundraise around specific predicaments, come to mind. Waterdrop, which goes by Shuidihuzhu … ( read original story…
China’s Alibaba Beats Quarterly Revenue, Profit Estimates
China’s Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday as its core commerce and cloud computing businesses benefited from a shift to online shopping and working from … ( read original…
Local officials in Wuhan, China, withheld information from Beijing on the threat of the coronavirus, US intel reportedly finds
The Trump administration has accused China’s government of covering up the virus, but US intel is said to have found nuances as the outbreak unfolded. ( read original story …)
China Blockchain Technology Market 2020-2023 / Growth, Emerging Trends, And Forecast
China is leading global blockchain patent applications. Digitally-minded opportunists are the breakthrough of blockchain in China. The local governments of China are looking forward to working with … ( read original story …)
Data Sheet on Global Blockchain Technology Market 2020-2023 / Industry Growth, Current Trends and Forecast
Increasing applications in sectors like Banking and Financial Services, Healthcare, Supply Chain Management, Energy, … ( read original story …)
Chinese insurance tech firm Waterdrop raises $230 million, plans U.S. IPO
The sources could not be named due to confidentiality constraints. Founded in 2016, Beijing-headquartered Waterdrop distributes insurance policies online via Waterdrop Insurance Mall, provides … ( read original story …)
Australia government may block China Mengniu’s milk brands deal – media
Australia’s government may block China Mengniu Dairy Co Ltd’s purchase of some of the country’s best-known milk brands, the Australian Financial Review reported on Thursday, citing unidentified … ( read original story …)
GM bets on EVs, new tech to reverse China slide
General Motors is overhauling its Chinese lineup with a greater emphasis on electric vehicles and smart-driving technology to stem a slide in sales after more than two decades of growth in a country … (…
China, U.S. to hold trade talks in coming days: China commerce ministry
China and the United States have agreed to hold trade talks “in the coming days” to evaluate the progress made on their Phase 1 trade deal at the six-month mark after it was reached in…
‘Drive the Blade In’: Xi Shakes Up China’s Law-and-Order Forces
Citing Mao, the Communist Party has started a campaign to ensure that police officers, judges and state security agents remain loyal and disciplined in challenging times. ( read original story …)
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