Tencent, partners ready $218m online Chinese insurer HeTai

Tencent, partners ready $218m online Chinese insurer HeTai

Tencent company name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip

Chinese internet services giant Tencent Holdings Ltd and a group of seven investors have moved closer to launching a 1.5 billion yuan ($218 million) online life insurer in China, putting up funds and signing an agreement to form the venture.

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