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SoftBank's Vision Fund to help Chinese online insurance giant ZhongAn go international

Jon Russell
Updated
SoftBank's Vision Fund to help Chinese online insurance giant ZhongAn go international

SoftBank's Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company -- which has struggled for stability following a monster IPO last year -- into international markets. The Vision Fund announced today it has made an undisclosed investment in ZhongAn International, the global arm of the five-year-old company created by $200 billion insurance giant Ping An and internet firms Tencent and Alibaba . Its insurance products cover lifestyle, consumer finance, health, travel and automotive, and it went public last September in a Hong Kong IPO that raised $1.5 billion.

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