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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Allianz Ag Muenchen Namen (PK) | USOTC:ALIZF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -8.64 | -2.92% | 287.461 | 189.86 | 408.67 | 287.461 | 287.461 | 287.461 | 3 | 22:00:00 |
From May 2019 to May 2024
By Joshua Kirby
Allianz SE said Monday that its digital-investment unit is investing $75 million in Hong Kong-based fintech WeLab.
The German insurer said its Allianz X unit is participating in the Series C financing round of WeLab, which provides digital financial services in Hong Kong, mainland China and Indonesia. The company has close to 50 million retail customers and 600 corporate customers, Allianz said.
Under the investment agreement, Allianz and WeLab will work together to develop digital products and wealth-management solutions, initially in Hong Kong but with geographic expansion possible subsequently, the company said.
"The investment in WeLab is a promising one for Allianz both economically and strategically," Allianz X Chief Executive Nazim Cetin said.
Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby
(END) Dow Jones Newswires
March 08, 2021 02:46 ET (07:46 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Allianz Ag Muenchen Namen (PK) Chart |
1 Month Allianz Ag Muenchen Namen (PK) Chart |
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