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 . The ZongAn business is widely-heralded as China’s first digital insurance company. 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 .
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 .