JD.com buys into insurer Allianz China

Allianz China General Insurance Company, funded by German financial services firm Allianz SE, has received an injection of 805 million yuan (US$127.89 million) led by JD.com, Yicai.com reported. The major investor, Beijing Jingdong San Bai Lu Degrees E-commerce Co. Ltd. is related to JD.com, one of the mainstream e-commerce platforms in China. Following the injection, […]