Redpoint Joins New Round In Chinese Big Data Insurance Service Provider Hejin Online

Bojiang Capital Management Group, a Shanghai-based investment firm, has led a series B financing round in Hejin Online, a Beijing-based big data company focused on the insurance industry, according to a company announcement.

Redpoint Ventures also participated in the round, but no financial details were announced.

Hejin was founded in 2015 by big data specialist Wang Yaqing, a former president at Alibaba Health Information Technology Ltd. He was also the chief technology officer at Inc. and global vice president at U.S.-based computer software company Oracle Corporation.

The company provides insurance services for both individuals and insurance companies, including Lipeibao, an online insurance claim platform allowing customers to receive payment in the shortest time possible.

It also has a product called Baodanbao, a ...

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