ZhongAn rakes in $285m funding round

Jul 19, 2019 • Jack Hammond

ZhongAn invested $145m into its fintech-focused unit as part of a $285m funding round that also featured Sinolink Worldwide.

ZhongAn Technology, the China-based financial technology developer joint venture of online insurer ZhongAn Online and property manager Sinolink Worldwide, has raised RMB1.9bn ($285m) in funding, China Money Network reported today.

ZhongAn Online invested $145m, while Sinolink provided the remaining $139m. Following the investment, ZhongAn Online will continue to hold a 51% stake in the business, with Sinolink retaining the other 49%.

ZhongAn Technology was launched in 2017 to focus on the development of blockchain, artificial intelligence (AI), big data and…

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