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China venture capital invests in Hong Kong pet insurance startup

Digital insurer OneDegree will use new funds to expand in regional markets

OneDegree's medical and accident protection products are aimed at covering the more than 500,000 pet dogs and cats in Hong Kong, of which only 3% are insured.

SHANGHAI -- China's BitRock Capital led a recent round of fundraising for OneDegree, a Hong Kong-based online pet insurance company, tapping growth opportunities in the region as the territory accelerates financial innovation.

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