China is undergoing a profound demographic shift, with its population ageing at a pace and scale unprecedented globally, and the trend has opened up significant opportunities for elderly care and insurance sectors.“This massive and rapidly expanding elderly population should be a major consumer of healthcare services and therapeutics,” Citi Research analyst John Yung said in a report in late March. “The healthcare demands are rigid, long-term and diverse.”Age-friendly products are rapidly expanding beyond traditional categories into niche segments, fuelling explosive growth in elderly care demand, according to a report from Tmall, Alibaba Group Holding’s e-commerce platform.AdvertisementMore companies have rolled out…