Posted inBeijing, China

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, […]