Zhong An seeks private financing of $1b

China’s first and largest online insurer will attract investors including CDH, Value Partners and Hillhouse in its first round of private financing.

Zhong An seeks private financing of $1b

Zhong An Online Property Insurance, the first and the largest online insurer by number of customers, is seeking up to $1 billion in a first private round of funding, two sources familiar with the situation said late Thursday.

The lead seven investors include CDH, Value Partners, Saif, Hillhouse, Morgan Stanley, CICC and Keywise.

The stake sold in this round represents around 15% to 20% of Zhong An’s total share capital, one...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: china | zhong an | insurance | private equity

Print Edition

FinanceAsia Print Edition