The additional funding comes atop the $230 million that Waterdrop raised from Swiss Re and other investors during its series D round. The company is also planning to go public, targeting a valuation of about $4 billion, people familiar with the matter said in July.

https://www.bloomberg.com/news/articles/2020-11-23/tencent-invests-another-150-million-in-waterdrop-for-expansion?srnd=deals&sref=dAQZajoP