SG’s insurtech startup CXA Group scouts for buyers for brokerage units in China
By Michelle Teo
April 7, 2021
Singapore-headquartered insurtech startup CXA Group is looking for buyers for its brokerage businesses in Shanghai and Beijing, as part of a restructure that will see the company shift away from its core operations and cut considerable headcount, according to founder and CEO Rosaline Chow Koo.
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It is planning to consolidate its technology operations in one location, China.
CXA will expand into new markets across Asia and Europe.