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HOME > News > Transactions and Cases > Allbright assists China’s largest Internet auto insurance platform in completing over RMB100 million of B-round financing

Allbright assists China’s largest Internet auto insurance platform in completing over RMB100 million of B-round financing

 2017-09-072147
[Summary]In early September 2017, China’s largest Internet auto insurance platform “Zuihuibao” (Shanghai Zuihuibao Network Technology Co., Ltd.) successfully completed RMB 100 million B-round and B+-round of financing. The B round investment was led byShenzhen Capital Group Co., Ltd. (“Shenzhen Venture Capital”) and co-invested by Anhui Radio Film&TV Media Industry Group (“Anhui Radio & TV”); the B+ round was invested by Jiuyou Innovation Equity Fund.

In early September 2017, China’s largest Internet auto insurance platform “Zuihuibao” (Shanghai Zuihuibao Network Technology Co., Ltd.) successfully completed RMB 100 million B-round and B+-round of financing. The B round investment was led byShenzhen Capital Group Co., Ltd. (“Shenzhen Venture Capital”) and co-invested by Anhui Radio Film&TV Media Industry Group (“Anhui Radio & TV”); the B+ round was invested by Jiuyou Innovation Equity Fund.

 

In just over two years, “Zuihuibao” founded by insurance industry veterans has completed system and business connection with nearly 40 insurance companies including PICC Property Insurance, China Insurance, Pacific Insurance, etc., developed millions of insurance salesmen, and become the largest Internet automobile insurance sales platform in China. At the second China Internet Insurance Conference in 2017, “Zuihuibao” was awarded “The third party platform of 2016 Internet insurance year”.

 

The project team entrusted to provide full legal services for the project includes AllBright Senior Partner Carl Li, Senior Associate Summer Sheng, Associate Sheldon Wu.