How did Anbang Group achieve crazy expansion?

From its establishment in 2004 to the accident in 20 18, it grew into a trillion-dollar behemoth in just 14 years. At the most glorious time, the total assets of Anbang Insurance Group reached 1.97 trillion yuan, while the total assets of China Life Insurance, which has developed for more than 20 years, reached 2.6 trillion yuan.

For the boss, merger and acquisition is the most convenient way to increase cash flow quickly.

From 20 14, Anbang began to exert its strength from buy buy:

First, it invested HK$ 7.78 billion in Ocean Shipping Group listed in Hong Kong and acquired 20.5% equity of the latter.

In the same year, the acquisition of Belgian insurance company Fidea was 244 million euros; Later, it acquired Delta Lloyd Bank of Belgium for 2,654,380,900 euros.

20 165438+2004 10 -2005 65438+ 10, and through 12 entries, it cost more than RMB/kloc-0.7 billion to increase the shares of Minsheng Bank in the secondary market/kloc-0.

2065438+February 2005, 2 billion dollars bought new york Waldorf; In the same month, it acquired the Plaza Building on Fifth Avenue in New York for $450 million;

2065438+Acquisition of Strategic Hotel in September 2006 &; Resort;

20 17 April, Anbang completed the last overseas acquisition recorded so far, and acquired BV Hotel, Amsterdam Hotel, Victoria, the Netherlands, for $38 10/00000.

It can be said that during the period of 20 14-20 17, Anbang Insurance has been in a state of buying and buying.

According to the public data at the end of 20 16, the total assets of Anbang Life Insurance reached 1.45 trillion yuan.

Among them, overseas insurance assets reached more than 900 billion yuan, accounting for more than 60% of total assets. The scenery at that time was the same.