Waterdrop to expand online health insurance, seek investor backing
By Ouyang Shijia | China Daily | Updated: 2019-07-08 07:56
Waterdrop Inc, a Chinese third-party online insurance broker, is set to expand its health insurance business.
The move is expected to help it to fend off rivals and gain an edge in the emerging fields of online healthcare insurance and healthcare crowdfunding.
The firm said it raised more than 1 billion yuan ($146 million) in a fresh round of financing to further expand its health insurance offerings online.
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