Microsoft 's Vision Fund is investing an undisclosed sum into Chinese digital media company ZhongAn . SoftBank is reportedly looking to help the insurer gain more success and market share in international markets with the two firms planning to launch a new entity focusing on opportunities overseas . ZhongAn established an internationally focused arm - ZhongAn Online - in December last year . The online company has disappointed with recent financial results and has seen its stock price drop dramatically since its 2017 $ 1.5bn initial public offering .
SoftBank's Vision Fund is investing an undisclosed sum into Chinese digital insurance company ZhongAn. SoftBank is reportedly looking to help the insurer gain more success and market share in international markets with the two firms planning to launch a new entity focusing on opportunities overseas. ZhongAn established an internationally focused arm - ZhongAn International - in December last year. The online insurer has disappointed with recent financial results and has seen its share price fall dramatically since its 2017 $1.5bn initial public offering.