Source Code leads Series C for China online insurance broker
Yuanbao, a Chinese online insurance broker, has raised nearly RMB1 billion ($156 million) in Series C funding led by Source Code Capital. Other investors include Cathay Capital, Hike Capital, Northern Light Venture Capital, Qiming Venture Partners, and SIG.
Yuanbao was founded in 2020 by Rui Fang, formerly a vice president of NetEase Group and head of the company's technology department. He was responsible for establishing NetEase’s online payment and e-commerce...
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