China's Anbang on global shopping spree

Anbang buys control of Korea’s Tong Yang for $1b, the latest in a string of international acquisitions.

Anbang Insurance Group of China has agreed to buy a controlling stake in Tong Yang Life Insurance for 1.13 trillion won ($1.06 billion), the latest in a string of international acquisitions by the Beijing-headquartered group. 

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