Investing in Internet insurance broker Databao Company
It is the leading investor of the Series B financing in Internet Insurance Broker Databao Co., Ltd, followed by Fosun Group, Ceyuan venture capital investment. Databao is an innovative Internet health insurance service platform in China, which was established in July 2014 focusing on personal health insurance and accident insurance. It takes "benefit for public, return to origin" as the product concept and serves to provide cost-effective health protection for the general public. In 2016, the insurance premium of Databao exceeded RMB 40 million, revenue over RMB 17 million, with more than 5 times of year-on-year growth.