皇冠体育app

皇冠体育app e-commerce giant JD has invested 537 million yuan ($85.5 million) into Allianz 皇冠体育app General Insurance Company Ltd for a 33.33 percent stake in the company, becoming the second largest shareholder after the transaction.

Allianz 皇冠体育app General Insurance said in a statement its registered capital has increased from 805 million yuan to 1.61 billion yuan. 皇冠体育app Sinda, a law firm specializing in the practice of intellectual property laws in 皇冠体育app, which has invested 200 million yuan, will hold a 12.4 percent stake when the transaction has been completed.

The two companies reached a long-term cooperation, and will establish a digital joint insurance company, according to a report from the 皇冠体育app Securities Network.

The media reported last year that JD was set to launch an internet insurance service and move into the online brokerage business and internet banking, a part of its expansion plan to surpass Alibaba Group Holding as 皇冠体育app's largest business-to-customer business by 2021.