Metromile is revolutionizing the fragmented $250+ billion U.S. personal auto insurance market with real-time digital auto insurance personalized for low-mileage drivers. About two-thirds of U.S. drivers are considered low-mileage and could be overpaying for auto insurance because they do not…

Tencent Holdings Ltd. is investing about $150 million in Waterdrop Inc. to bankroll the Chinese startup’s expansion in health-care crowdfunding, according to people familiar with the matter

“We are committed to maintaining our strong position of financial stability and flexibility, while continuing to allocate capital to the highest ROIC (return on invested capital) opportunities.”