Tencent Will Sell You Insurance — in Its Apps

Wemin Insurance Agency Co. Ltd., whose majority owner is Tencent Holdings Ltd., has been granted a license that allows it to sell insurance products, collect premiums and settle claims as an agent. Competition in China’s fast-growing online insurance industry is intensifying, as tech giant Tencent Holdings Ltd. recently secured a new license to sell insurance products on its … http://bit.ly/2gTfXY2

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