NEWS WRAP: Fanhua details plan to go global, expand into high-tech healthcare
The Chinese insurance broker said it will use $500 million from a Singaporean investor to move beyond its home market through two medical-related acquisitions By Teri Yu Fanhua Inc.…
Growth-hungry Fanhua finds a potential benefactor in Singaporean investor
The insurance broker has struck a deal to receive up to $1 billion in new investment for itself and recently acquired wealth manager unit Puyi Key Takeaways: Singapore-based White Group…
Shouhui serves up new insurance option for investors
The online insurance broker is well positioned in a market expected to grow strongly in the next five years, but faces uncertainty due to regulatory risk Key Takeaways: Shouhui has…
Shrinking wealth manager Puyi finds big benefactor in insurance broker Fanhua
Separate shareholder groups from the two publicly traded companies will each acquire a majority stake in the other through an equity swap Key Takeaways: An equity swap will give a…
China-U.S. IPOs take big step toward resumption with Cheche listing
The operator of an online car insurance marketplace completed its SPAC listing last week after getting approval from China’s securities regulator Key Takeaways: Cheche completed a SPAC listing in New…
Fanhua uses savvy share-based acquisitions to rekindle growth
Fresh acquisitions paid for with the insurance broker’s stock yielded revenue growth that outpaced spending in the first quarter Key Takeaways: Fanhua’s revenue grew 21% in the first quarter, while…
Covid storm lifts for Waterdrop and Fanhua, as each eyes different path to new growth
The insurance brokers’ showed signs of improvement in the fourth quarter, as Waterdrop revved up several new products and Fanhua made a new acquisition last month Key Takeaways: Waterdrop returned…