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Growing number signing up to save others' lives

May 19, 2021

Latest company case about Growing number signing up to save others' lives

Anbang was established in 2004 as an automotive and property insurer by Chairman Wu Xiaohui, a native of China's entrepreneurial coastal city Wenzhou. The company has been leveraging its 1.65 trillion yuan ($253 billion) in assets to transform into a worldwide investor.

 


 

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In October 2014, Anbang agreed to pay $1.95 billion for the Waldorf Astoria Hotel in New York, a move Wu said brought the insurer "extra brand recognition" and business opportunities. Earlier this month, Anbang agreed to pay Blackstone Group LP ion for Strategic Hotels & Resorts Inc, whose 16 luxury properties include the Four Seasons Washington D.C.

 

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