SoftBank to invest $100m in Chinese insurtech JV

Japanese multinational SoftBank, one of the most prolific fintech investors, is set to spend $100m on a joint venture with Chinese digital insurer ZhongAn Online.

The investment will be made via SoftBank's Vision Fund which has used some of its $100bn of capital to acquire stakes in tech firms such as Uber and Indian digital payments firm Paytm.