China's unicorns prepare for IPOs in 2017

A host of exciting technology start-ups and fintech plays are preparing to go public in 2017. Zhong An Insurance leads the way, with big names like Ant Financial to come.

China has in recent years nurtured a batch of unicorns technology start-ups of at least $1 billion in value. The time is coming for these companies to go public.

Leading the race for a public listing is Zhong An Insurance, China’s first online-only insurance firm. With an operating history of three years, the online insurer has already reached an estimated market value of Rmb55 billion $8 billion, and it may further rise ahead of its expected listing in 2017.

Zhong An was able to achieve such a chunky valuation not just because of its high-profile financial backers including Tencent, Ant Financial, Ping An...

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