Waterdrop Goes Back to the Well, Cutting Losses by Lowering Costs

The online insurer slashed spending by 26.4% in the third quarter and will keep up its cost-trimming exercise Key takeaways: Waterdrop Inc. reported a net loss of 477 million yuan in the third quarter, narrowing 27.3% quarter-on-quarter Company’s stock has fallen around 90% since its IPO, but its valuation still isn’t low By Fai Pui Cherish “water resources” for a sustainable future. That maxim applies not only to ordinary folks in their everyday lives, but also to online insurer Waterdrop Inc. (WDH.US) in its daily operations, since, “water” is also…

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