On May 7th, Waterdrop Inc., the China’s leading technology platform for
insurance and health services, was officially listed on the NYSE under the
ticket symbol “WDH”, becoming the “first stock of insurance technology” to go
public in NYSE. A total of 3 million American Depositary Shares (ADS) were
issued.
As a co-investor, Gaorong Capital invested in Waterdrop Inc. when it was founded and has participated in all rounds of financing.
Waterdrop Inc. was founded in 2016. At present, it has two major businesses——"Waterdrop Raising", a network platform for raising funds for those with serious diseases and "Waterdrop Insurance", a technology platform for health insurance. Through an integrated business model, Waterdrop Inc. provides users with solutions that cover pre-disease insurance and post-disease support. Through network effect, Waterdrop Inc. connects with users and helps them raise funds to close the funding gap for treatment for serious diseases. At the same time, Waterdrop Inc. enhances the security donors’ awareness, gains in-depth insight into users' behaviors and needs through comprehensive data accumulated in various scenarios, and provides users with health insurance and security services in the whole life cycle with big data and artificial intelligence. It is now developing medical and health services.
Peng Shen, the founder and CEO of Waterdrop Inc., said that Waterdrop Inc. is committed to building an ecology of "insurance + health service" for hundreds of millions Chinese families, providing inclusive and efficient products and services for users through science and technology and improving people’s health and well-being, and strives to become the No.1 brand of Internet personal insurance.
