Two sources with knowledge of the fundraising told Reuters that Waterdrop was valued at nearly $2 billion in the funding round. One of them said that Swiss Re itself had invested $100 million.

Swiss Re declined to comment on its investment size, but said the company’s participation in the round was part of its long-term commitment to China.

Twitter privacy ruling delayed after dispute among EU regulators

Aug 21, 2020

Twitter had looked set to become the first big technology company to face a fine by Ireland’s Data Protection Commission (DPC) under tougher EU data protection rules after it submitted the decision to other member states in May.

Under the EU’s General Data Protection Regulation’s (GDPR) “One Stop Shop” regime introduced in 2018, regulators can impose fines for violations of up to 4% of a company’s global revenue or 20 million euros ($22 million), whichever is higher

Bayer to pay $1.6 billion to resolve U.S. claims for Essure birth-control device

Aug 21, 2020

Women have claimed in lawsuits that the device, which is implanted in the fallopian tubes to permanently block the passage of eggs to the uterus, could pierce the tubes, and that the device’s metal parts could become dislodged and migrate to other parts of the body.

US court upholds $140 million compensation in TCS-Epic Systems case

Aug 21, 2020

According to reports, Epic had filed the lawsuit in 2014 against TCS alleging that the IT services company had stolen its intellectual property. In 2016, Epic won a jury award of $940 million.

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