Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley

Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The Shanghai-based company now has a market value of 49.6 …

The article Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley appeared first on Insurance Journal.

from Insurance Journal » News