Ant and Others Embraced Crowdfunded Medical Coverage. but Now It’s Under Beijing’s Microscope

Ant and Others Embraced Crowdfunded Medical Coverage. but Now It’s Under Beijing’s Microscope - WSJ

Chinese regulators have warned that the industry has the characteristics of commercial insurance without being supervised as such.

In China. a financial-technology innovation that has sent billions of dollars to critically ill people is losing its shine and drawing regulatory scrutiny. creating more uncertainty for Jack Ma’s Ant Group Co.. the industry’s biggest player. The business.

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