Alibaba’s Finance Arm Plans $188 Million Investment in Cathay Insurance

Alibaba Group Holding Ltd.’s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial Holding Co. Zhejiang Ant Small & Micro Financial Services Group …

The article Alibaba’s Finance Arm Plans $188 Million Investment in Cathay Insurance appeared first on Insurance Journal.

from Insurance Journal » News