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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Life Insurance Company    601628   CNE000001Q93

CHINA LIFE INSURANCE COMPANY

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Didi Chuxing Gets $600 Million Strategic Investment From China Life

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06/12/2016 | 09:55pm EDT
   By Juro Osawa 
 

HONG KONG--China's homegrown competitor to Uber Technologies Inc. said it received about $600 million from a top Chinese life insurer as part of its latest fundraising operation.

Didi Chuxing Technology Co., China's largest ride-sharing company, said Monday the strategic investment from China Life Insurance Co. (>> China Life Insurance Company Limited) is made up of an equity investment of $300 million and a long-term debt investment of about $300 million.

China Life, the country's largest state-owned commercial insurer, is the latest addition to the list of Didi's powerful investors. Last month, Apple Inc. (>> Apple Inc.) said it invested $1 billion in Didi. Didi's other major investors include Chinese online shopping company Alibaba Group Holding Ltd. (>> Alibaba Group Holding Ltd) and Chinese social-network company Tencent Holdings Ltd. (>> Tencent Holdings Ltd).

China is a crucial market for Uber. But the U.S. company faces fierce competition from Didi, which has a larger share of China's private car-sharing market and also dominates in taxi hailing.

Write to Juro Osawa at juro.osawa@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING -1.90% 171.91 Delayed Quote.25.42%
APPLE -0.08% 212.46 Delayed Quote.34.69%
CHINA LIFE INSURANCE COMPANY 1.73% 29.41 End-of-day quote.41.79%
TENCENT HOLDINGS LTD -0.48% 331 End-of-day quote.5.15%
UBER TECHNOLOGIES INC -2.61% 34 Delayed Quote.0.00%
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Financials (CNY)
Sales 2019 671 B
EBIT 2019 46 332 M
Net income 2019 38 239 M
Finance 2019 697 B
Yield 2019 2,66%
P/E ratio 2019 21,8x
P/E ratio 2020 21,5x
EV / Sales2019 0,16x
EV / Sales2020 0,11x
Capitalization 801 B
Chart CHINA LIFE INSURANCE COMPANY
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Technical analysis trends CHINA LIFE INSURANCE COMPA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 27,54  CNY
Last Close Price 28,91  CNY
Spread / Highest target 38,4%
Spread / Average Target -4,75%
Spread / Lowest Target -45,4%
EPS Revisions
Managers
NameTitle
Heng Xuan Su President, CEO & Executive Director
Ping Miao Chairman-Supervisory Board
Bin Wang Chairman
Hong Yang Operating Director
Ruan Qi Chief Technology Officer & Vice President
Sector and Competitors
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HDFC LIFE INSURANCE COMPANY LTD--.--%14 992