Dentons Advises China Life on Acquisition of Winning Technology for Strategic Layout in Health Insurance Cost Control

A team led by senior partner Yu Hui from Dentons Beijing office recently advised China Life Insurance on the acquisition of shares of Winning Technology, a holding subsidiary of A-share listed Winning Health Technology Group Co., Ltd..

China’s gross spending on health care amounts to trillions of renminbi every year, therefore, health insurance cost control has become a potential hundred-billion-yuan market and the most strategically important spot that major insurance companies in China would compete for. China Life, the world’s largest publicly traded insurance company in terms of market capitalization, takes up 50% market share in Chinese local governments’ health insurance operation business. Winning Technology has the most advanced technology for health insurance cost control software development and rich client application experience. The completion of the acquisition marks an important strategic layout for China Life in the area of health insurance cost control.