Yes, you heard it right, it’s a three-year-old InsurTech startup being the acquirer while the nineteen-year-old public insurance broker being the seller.
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Fanhua Inc. has held a press conference along with Cheche Tech, an InsurTech startup on auto insurance, on Jan. 10th, 2018 to announce the first big news in 2018 for the Chinese insurance industry – Cheche Tech has acquired Fanhua Auto, the subsidiary business line of Fanhua Inc.
https://dailyfintech.com/2018/01/25/china-startup-acquisition/
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