Ant Financial has hinted that its mutual aid platform could collaborate with insurance providers as user numbers continue to swell, Chinese media reported.
Why it matters: Mutual aid platforms like Ant’s Xianghubao started gaining traction in China last year, especially among those who have typically not been well-served by the country’s healthcare system.
They enable members to share treatment costs equally, and are often seen as more accessible and affordable than traditional products.
Other Chinese tech giants have also dipped their toes into mutual aid over the past year.
Tencent is a major investor in insurtech startup Waterdrop, which closed a RMB 1 billion ($142 million) funding round in June.
Xianghubao and other mutual aid platforms have faced regulatory scrutiny (in Chinese) from regulators for promoting their products as insurance products.
Hackers have attempted to steal information from Chinese government employees by faking email login pages for several high profile agencies and state-owned enterprises, cybersecurity researchers say.
Why it matters: The apparent espionage attempt may be linked to an advanced persistent threat (APT) group, an organization that accesses private information for a prolonged period while remaining undetected.
The offensive began as early as the second half of 2018.
The hackers targeted China’s Ministry of Foreign Affairs, state planner the National Development and Reform Commission, and the Ministry of Commerce, among others.
“By stealing email credentials, and accessing internal email content, it would be possible to gain insight into what decisions are being made within the target organization and could lead to the theft of sensitive information.”
—Cybersecurity researchers said in a report published on Thursday
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Snapchat is trying to come up with the new tactics to allure the more users after WhatsApp gone a hit by cloning its story feature.
This quarterly report isn't satisfying for the Snapchat and the company knows the key to make a comeback in the market.
This time the American company is trying to go through the hardware feature and in talks to buy drone maker Zero Zero Robotics.
A couple of months back the Snapchat bought the Zenly for $250 million, which is the highest amount spent by the company to date.
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