Ant Financial Services Group, the financial services arm of Alibaba Group Holdings Ltd., has joined other investors to back a newly approved mutual insurance association, according to state media reports. The Xinmei Life Mutual Insurance Association, one of the three mutual insurance associations ever to win approval by the Chinese insurance regulator, plans to focus […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.