Zhong An IPO reveals premium growth and margin challenges

Alibaba-backed Chinese InsurTech start-up Zhong An has struggled
to maintain its profit margin despite substantial and sustained top
line growth since 2014, according to IPO documents.
The filings for theforthcoming IPO offer a more rounded view of the
company's fortunes since it launched in 2013 and secured a
license from the Chinese authorities to sell insurance online.
Thomson Reuters' International Financing Review
previously said the IPO could be worth up to $1.5bn, although it
remains uncl