Alibaba joins JV for health insurance
April 25, 2016 Category Health, Weekly
Alibaba Health Information Technology has reached an agreement with six other parties to establish a joint venture for internet health insurance related operations in China. The joint venture has a registered capital of CNY1 billion. It is awaiting approval from the China Insurance Regulatory Commission (CIRC). China Taiping Insurance Holdings Co is the largest shareholder with a 21% stake.
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