Source - SMW
Aviva plc said that its joint venture with Hillhouse Capital and Tencent Holdings to develop a digital insurance joint venture in Hong Kong received approval from the Hong Kong Insurance Authority and is expected to start operating during the first half of 2018.
Aviva, Hillhouse and Tencent announced in 2017 their agreement to develop an insurance joint venture in Hong Kong, by which Hillhouse and Tencent have acquired a combined 60% shareholding in Aviva Life Insurance Company Limited.