SHENZHEN, China, June 20, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today expanded its global footprint with the acquisition of Global Care Consulting Joint Stock Company (“Global Care”), a pioneering insurtech company in Vietnam specialized in digital transformation solutions for the insura ...

Core Viewpoint - Huize Holding Limited has expanded its global presence by acquiring Global Care Consulting Joint Stock Company, a leading insurtech firm in Vietnam, marking the first step in the international expansion of its brand Poni Insurtech [1][2][4]. Group 1: Acquisition Details - The acquisition involves Huize acquiring a controlling stake in Global Care through the purchase of existing shares and subscription of new shares, with multiple closings planned [4]. - VinaCapital Ventures will receive newly issued class A common shares of Huize, representing approximately 1.7% of the issued share capital on a fully-diluted basis, with 50% subject to a one-year lock-up period [4]. Group 2: Market Opportunity - Vietnam is identified as a highly attractive emerging market for insurance, characterized by a young, digital-native demographic of 100 million people and strong macroeconomic growth [5]. - The ASEAN region, where Vietnam is located, presents significant market parallels to China, including rapidly growing economies and increasing demand for digital insurance solutions [2]. Group 3: Global Care Overview - Global Care, established in 2017, specializes in digital transformation solutions for the insurance industry, offering cloud-based API solutions and mobile apps that connect insurers with various distribution channels [3]. - In 2023, Global Care facilitated 13.5 million policies, with revenue more than quadrupling year-over-year and registered users exceeding 1.3 million [3]. Group 4: Strategic Vision - The acquisition is expected to generate significant synergies, enhancing Global Care's market share and accelerating new product development through Huize's technology and AI solutions [5]. - Both companies share a common mission and vision, aiming to create strategic value for partners and accelerate the digitalization of Vietnam's insurance industry [5].

SHENZHEN, China, June 11, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize", the "Company" or "we") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it will be presenting at the Emerging Growth Conference on Thursday, June 13, 2024. This live, interactive online event will give existing shareholders and the investment community the opportunity ...

SHENZHEN, China, June 11, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it will be presenting at the Emerging Growth Conference on Thursday, June 13, 2024. This live, interactive online event will give existing shareholders and the investment community the opportunity ...

SHENZHEN, China, June 07, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize", the "Company" or "we") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has partnered with PICC Property and Casualty Company Limited ("PICC P&C") to launch "WarmTreasure No.3," a customized child outpatient and emergency insurance product in the "WarmTreasure" seri ...

SHENZHEN, China, June 07, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has partnered with PICC Property and Casualty Company Limited (“PICC P&C”) to launch “WarmTreasure No.3,” a customized child outpatient and emergency insurance product in the “WarmTreasure” ser ...

Huize Holding Limited (NASDAQ:HUIZ) Q1 2024 Results Conference Call May 23, 2024 9:00 PM ET Company Participants Harriet Hu - Investor Relations Director Cunjun Ma - Founder and Chief Executive Officer Ron Tam - Co-Chief Financial Officer Conference Call Participants Zeyu Yao - CICC Amy Chen - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to Huize Holding Limited First Quarter 2024 Earnings Conference Call. [Operator Instructions]. Today's conference call is being recorded, and ...

SHENZHEN, China, May 23, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize", the "Company" or "we") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial and Operational Highlights Driving new business growth: First Year Premiums ("FYP") more than dou ...

SHENZHEN, China, May 23, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial and Operational Highlights Driving new business growth: First Year Premiums (“FYP”) more than do ...

SHENZHEN, China, May 16, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize", the "Company" or "we") (NASDAQ:HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it plans to release its first quarter 2024 unaudited financial results after the U.S. market closes on Thursday, May 23, 2024. The Company's management team will hold an earnings conference call at 9:00 P.M. Eastern Time on Thursday, May 23, 2024 (9:00 A.M. Beijing/Hong Kon ...