Tencent-backed online insurance platform Waterdrop raises $145m Series C

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Waterdrop, a Beijing-based online insurance platform backed by Tencent, has raised more than Rmb1 billion ($145 million) in its Series C funding round led by China-focused investment firm Boyu Capital.

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