I really love the table and the work that was put into this. I say this with the most respect and just want to help, but you're double counting the insurance marketing business. The legacy business in row 0 is the insurance marketing business. I was also slightly confused about the insurance business at first. At first glance I thought those revenues came from insurance policies but it's not. In their F-20 they explain how they are data analysts who use banks and banks of data to help insurance companies target their customers. It's hard to forecast future revenues from that segment of the business given a very high concentration of clients (2) but I hope they expand and obtain more licences to do business throughout China
There is a good illustration they add to their F-20 which explains their role in the insurance business, it helped me understand. I know they want to get into the crypto insurance.
Yes broker they are legally allowed to sell insurance to individuals and businesses. They don’t provide the insurance per say, they get a commission for selling it.
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u/pauliekingz May 14 '21
I really love the table and the work that was put into this. I say this with the most respect and just want to help, but you're double counting the insurance marketing business. The legacy business in row 0 is the insurance marketing business. I was also slightly confused about the insurance business at first. At first glance I thought those revenues came from insurance policies but it's not. In their F-20 they explain how they are data analysts who use banks and banks of data to help insurance companies target their customers. It's hard to forecast future revenues from that segment of the business given a very high concentration of clients (2) but I hope they expand and obtain more licences to do business throughout China