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Monday, Sep 20, 2021

Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators

Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators

Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people familiar with the situation told Reuters.
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