Chinese InsurTech start-up files for IPO: reports

Alibaba-backed Zhong An Online P&C Insurance has reportedly
filed for a listing on the Hong Kong Stock Exchange in what could
be the world's first InsurTech IPO.
Zhong An, which is part-owned by fast-growing internet
conglomerate Tencent, has reportedly submitted initial public
offering documents.
Alibaba's Ant Financial has a 16 percent stake in the
business, while Tencent owns 12 percent. Chinese insurer Ping An
also has a 12 percent holding in the group, according to equity
ownership deta