Anbang Insurance Group is a Chinese insurance company founded in 2004. It offers a range of financial services, including life insurance, property insurance, and asset management. The company gained international attention for its acquisitions, including the purchase of the Waldorf Astoria hotel in New York City in 2014. In 2017, Anbang faced regulatory scrutiny and was taken over by the Chinese government due to concerns about its financial practices. The company has since been restructured, and its operations are now focused on stabilizing its business and complying with regulatory requirements.