SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD…

via SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency — TechCrunch

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