News Life and Health19 Jan 2022

China:Closure of "Xianghubao" spells the end of a chapter on mutual aid platforms

19 Jan 2022

The planned shutdown on 28 January of Ant Group's "Xianghubao", the largest crowdfunded health-care platform in China, has completed the collapse of a booming insurance-like industry just three years after its emergence. The platforms served more than 150m people at the peak.

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