Baige flies into IPO on demand for its popular – but costly – insurance risk services
The company has filed to list in Hong Kong after substantially growing revenue in the last two years, but at very thin margins Key takeaways: Baige has filed for a…
In weak insurance market, Waterdrop finds solace in benevolence crowdfunding
The insurance broker’s net profit rose about 150% year-on-year in the third quarter, on the back of the strong performance for its crowdfunding business Key Takeaways: Waterdrop’s revenue increased just…
Waterdrop stalls in second quarter, but reaffirms annual growth forecast
The online insurance broker’s revenue fell slightly in the latest three-month period, as its core insurance business fell by 4% Key Takeaways: Waterdrop’s revenue fell 0.4% in the second quarter,…
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…
