Venture Capital
The round was co-anchored by PayPal Ventures and US-based insurer MassMutual.
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Deals
MassMutual, Eurazeo and Flourish Ventures are the other investors extending the funding.
Private Equity
It will invest directly in real assets that generate current income along with capital appreciation.
The deal had been expected after reports last year that the companies were in talks.
Greater China
Junson Capital, which manages the wealth of the Longfor Properties Co. co-founder, plans to buy seven to eight hotels from MassMutual.
MetLife is the latest insurer seeking to cash in on a surge of buyer interest in a coveted Hong Kong insurance license
The acquisition will add offerings such as death benefits and annuities to Yunfeng's portfolio.
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