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China eCapital Advises Bai Ying Tong in its US$10 Million Series A Financing |
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Beijing, China, February 1, 2008 —Beijing Bai Ying Tong Information Limited (8INS), a leading multi-channel direct retailer of insurance products in China , has completed its Series A financing. The company raised a total of US$10 million, led by Capital Today. China eCapital acted as exclusive financial advisor to 8INS on this transaction. 8INS is China 's leading multi-channel direct retailer of vehicle and life insurance products targeting the middle and upper class through direct telemarketing, an e-commerce website and retail stores. 8INS currently operates in Beijing and Tianjin with over 200 employees. The company provides customers with tailored insurance products based on their individual needs through its advanced telemarketing platform and national insurance agent service platform. The company expects roughly RMB100 million in insurance premiums in 2007, which is expected to grow to RMB 240 million in 2008 though its expansion to ten cities. About China eCapital China eCapital is a leading investment bank in China. Founded in 2000 with headquarters in Beijing , it provides advisory services in private placements, mergers and acquisitions (M&A), and initial public offerings (IPO). With an international background and strong local presence, China eCapital has emerged as one of the most dynamic and prominent players in the Chinese investment banking market. While its clients encompass a wide spectrum of industries, it has developed a core competence in media and entertainment, technology and internet, consumer products and services, as well as healthcare. For more information please visit our website www.china-ecapital.com .
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