Online Insurer Waterdrop Mulls Secondary Listing in Hong Kong October 31, 2024 By Lulu Yilun Chen US-listed Waterdrop Inc. is looking at a secondary listing in Hong Kong as it seeks to expand its insurance business...
Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Nemesis Tencent September 3, 2020 By Zheping Huang and Lulu Yilun Chen Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17...
Ant Financial Aims to Disrupt Health Insurance with New Chinese Health ‘Collective’ April 11, 2019 By Lulu Yilun Chen Billionaire Jack Ma’s Ant Financial has done more than perhaps any company to disrupt China’s gargantuan banking and asset-management industries....
Philippine Payments Operator Mynt, Backed by Ant Financial, Plans to Offer Insurance April 1, 2019 By Lulu Yilun Chen Mynt, the Philippine payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route...
Ping An Insurance Readies $8 Billion IPO of Fintech OneConnect February 25, 2019 By Vinicy Chan and Lulu Yilun Chen Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of...
China’s Ant Financial Buys UK Payments Company WorldFirst February 14, 2019 By Lulu Yilun Chen Ant Financial, the Chinese financial services giant controlled by billionaire Jack Ma, bought London-based payments company WorldFirst in its biggest...
Alibaba’s Ma to Step Down as Chairman in Year; Zhang Named Successor September 10, 2018 By Lulu Yilun Chen Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding...
Ant Financial About To Reap $10 Billion in Fundraising Round May 11, 2018 By Lulu Yilun Chen Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10...
China’s Ant Financial May Re-Think Global Ambitions After MoneyGram Deal Fails January 4, 2018 By Selina Wang and Lulu Yilun Chen Ant Financial may have to re-tool its global ambitions after stiff U.S. opposition scuppered what would have been its largest...
Zhongan Online P&C Insurance Pulls H.K. IPO Plans; China Listing Eyed: Sources December 21, 2016 By Lulu Yilun Chen and Prudence Ho Zhongan Online P&C Insurance Co. scrapped plans for an initial public offering in Hong Kong or the U.S. and is...