[Exclusive] Shuidi Company Completed 1 Billion RMB In Series C Financing

Shuidi Company just completed 1 billion RMB in Series C financing. This round of financing was led by Boyu Capital and followed by Tencent, CCIG and Gaorong Capital. This is the second financing that Shuidi received in the first half of the year. On March 27 this year, the company announced that it has received nearly 500 million RMB in Series B financing. In less than three months, Shuidi’s total financing has reached nearly 1.6 billion RMB.

Shuidi Insurance is one of the vital sectors of the company, the company decided to improve its insurance sector to create more insurance products. "The company will develop Shuidi Insurance Mall and Shuidi Health Insurance to create a better health insurance service model. We will focus our efforts on the construction of health insurance professional teams and artificial intelligence applications. At the same time, the Shuidi public welfare platform will continue to help more poor families to get medical treatment," Shuidi's founder and CEO Peng Shen said.

At the same time, more than 60 insurance companies have cooperated with Shuidi Insurance Mall to launch more than 80 insurance products, 90% of users have bought their first online insurance through Shuidi Insurance Mall, with a 73% repurchase willingness. Users on Shuidi Insurance Mall has reached 250 million.

Boyu Capital Consultancy is a private equity firm specializing in investments in China. Boyu Capital Consultancy was founded on September 28, 2010, and is based in Hong Kong with an additional office in Beijing.

Tencent is a Chinese multinational investment holding conglomerate founded in 1998, whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Founded in 1995 with approval granted by the State Administration for Industry, the China Capital Investment Group. CCIG is registered in Shanghai with a registered capital of 300 million RMB.

Gaorong Capital is a Chinese investment company that invests in world-class sovereign wealth funds, university endowment funds, family foundations and pension funds.