Only 6.7 per cent of Chinese citizens have bought commercial health insurance, according to a survey by the Insurance Association of China. Photo: Xinhua

Ant Financial’s mutual aid platform Xiang Hu Bao hits 50 million users

  • Currently, around 47 per cent of Xiang Hu Bao’s users are migrant workers, with 31 per cent living in rural areas
Topic |   Health in China

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Only 6.7 per cent of Chinese citizens have bought commercial health insurance, according to a survey by the Insurance Association of China. Photo: Xinhua
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People shopping in the Marina Bay Sands shopping mall in Singapore. Photo: SCMP

Race is on for tech companies like Grab, Ant Financial to gain an edge in SE Asia's financial services market

  • Grab’s move into financial services in Southeast Asia mirrors that of Ant Financial, Alibaba’s financial affiliate
Topic |   Technology

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People shopping in the Marina Bay Sands shopping mall in Singapore. Photo: SCMP
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