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CHINA BRIEFING: Online Insurer Waterdrop Gets $230 Million Injection; Facial Recognition Start-up Cloudwalk To Go Public
The new injection for Waterdrop was led by Swiss Re-Insurance and backer Tencent. The new injection for Waterdrop was led by Swiss Re-Insurance and backer Tencent. -
CHINA ROUNDUP: Jack Ma Adds Billions To Cash Mountain After Alibaba Divestment
The billionaire founder of Alibaba cashed out some of his stake in his old company, enriching himself to the tune of US$8.2 billion; China Gold Rich Fund executives are being prosecuted for fraud; and other China news briefs. The billionaire founder of Alibaba cashed out some of his stake in his old company, enriching himself to the tune of US$8.2 billion; China Gold Rich Fund executives are being prosecuted for fraud; and other China news briefs.