News eDaily11 May 2017

China:Online sports insurance platform attracts angel funds

| 11 May 2017

A company focussing on online sports insurance has attracted funds from angel investors totalling several tens of millions of yuan.

Shenzhen Qianhai Sports Insurance Internet Technology Co said that the funds will be used in developing the market, recruit IT talent and build the IT system, reported Beijing Business News, without specifying the amount raised.

The funds are provided by Bright Vision Capital, Qianhai Great Wall Fund and several well-know investors.

The Shenzhen company was set up at the end of 2015 and launched its platform in October 2016. To date, the website has attracted around six million visitors.

Other insurance sales platforms such as Xiaoyusan and Suning Insurance, have also started to offer sports insurance products

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