Juicy margins set Zhongmiao apart among stodgy insurers
The insurance broker controlled by home-appliance maker Haier has filed for an IPO, boasting solid profits underpinned by its focus on corporate policies and a light cost structure Key Takeaways:…
FAST NEWS: Waterdrop profit plunges on crowdfunding platform’s losses
The latest: Online insurer Waterdrop Inc. (WDH.US) on Thursday announced its profit plunged 78.6% to 33.6 million yuan ($4.68 million) in the third quarter, though the result still represented its seventh consecutive quarterly…
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…
FAST NEWS: Waterdrop posts sixth consecutive quarterly profit
The latest: Online insurer Waterdrop Inc. (WDH.US) on Thursday reported a 21.7 million yuan ($2.95 million) net profit in the second quarter, its sixth consecutive quarterly profit. Looking up: The company's insurance…
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…
Cheche Rides Renewed Optimism on Chinese Stocks to U.S. Listing
The Tencent-backed online auto insurance broker is seeking a U.S. listing through a backdoor SPAC merger, just as investors are flocking back to Chinese stocksKey Takeaways:Cheche Technology plans to list…
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