asiainsurancereview
China:InsurTech firm sells shares to fund actuarial & compensation platform
nsurTech company Shanghai Kingstar Winning Software Science and Technology Co intends to use new capital to develop products related to the national and local public medical insurance funds, as well as a commercial insurance actuarial and compensation platform.
JD Health, the health subsidiary of Chinese e-commerce giant JD.com has agreed to pay CNY150m ($22.2 m) for a 7.71% stake in Shanghai Kingstar Winning Software Science and Technology Co, reported the digital media organisation KrASIA quoting a filing by Shanghai Kingstar's parent company Winning Health.