Tencent eyes controlling stake in Great Wall Changsheng Life Insurance

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Technology and finance giant Tencent Holdings Ltd. is eyeing a controlling stake in Great Wall Changsheng Life Insurance Co. Ltd., a Sino-Japanese joint venture, sources with knowledge of the matter told Caixin.

The life insurer is 70% owned by China Great Wall Asset Management Co. Ltd., one of the nation’s “Big Four” asset management companies (AMCs). Major Japanese insurer Nippon Life Insurance Co. holds the rest.

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