Softbank boosts Zhong An's insurtech, fintech ambitions

The Japanese conglomerate's Vision Fund will help the tech-minded Chinese insurer expand across Asia and, eventually, the world.

Softbank boosts Zhong An's insurtech, fintech ambitions

Chinese insurance firm Zhong An will partner with tycoon Masayoshi Son's Softbank Vision Fund in a venture intended to take the online insurer's technology international, with a focus on Asia.

Terms of the deal, announced on Monday, were not disclosed, but it will see Softbank become a strategic investor in a new entity established by Zhong An's ZhongAn International subsidiary. 

Softbank and Zhong An said the deal would take Zhong...

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