Key Takeaways

• Zhibao Technology Inc. has launched a joint venture, Zhibao Yingshi, with Shanghai Xingtao Network Technology Co. Ltd to enhance insurance brokerage services.
• The joint venture aims for monthly revenues of RMB 4 million (approx. USD 560,000) by the end of 2025 and RMB 50 million (approx. USD 7 million) for 2026.
• Chunhui Ji, from Yingshi Health, will lead Zhibao Yingshi, focusing on integration of resources for growth in the medical insurance market.

New Joint Venture Launches

Zhibao Technology Inc. (NASDAQ: ZBAO), a prominent InsurTech entity based in China, has officially commenced operations for its joint venture, Zhibao Yingshi Health Technology Co. Ltd. This partnership, established in September 2025 with Shanghai Xingtao Network Technology Co. Ltd, aims to enhance digital insurance brokerage in the mid- and high-end medical sectors. Notably, Zhibao Yingshi has already recorded initial revenues in November 2025, generated from service fees related to mid- and high-end medical policies issued by Pingan Property and Casualty Insurance.

As stipulated in the Cooperation Framework Agreement signed in September, Zhibao China owns a 51% equity interest in the joint venture. This ownership structure enables Zhibao to leverage its existing strengths in reinsurance, brokerage, medical networks, and risk management services. The valuable assets from Zhibao’s Managing General Underwriter (MGU) team will be merged into the new entity.

The joint venture agreement also outlines that Yingshi Health will combine its health insurance business with Zhibao Yingshi. Chunhui Ji, who currently manages Yingshi Health, will take the role of chairman and general manager of the new venture, ensuring effective leadership and operational oversight.

The key financial targets outlined for Zhibao Yingshi include achieving monthly revenues of RMB 4 million (approximately USD 560,000) for the remainder of 2025, progressing towards an annual target of RMB 50 million (around USD 7 million) for 2026. Furthermore, both parties have committed to maintaining a minimum annual revenue growth rate of 10%.

In comments regarding the partnership, Mr. Botao Ma, CEO of Zhibao, expressed enthusiasm about the collaboration, believing it would significantly boost their development in the medical insurance sector through shared resources and expertise. Mr. Ji echoed this sentiment, emphasizing the integration of resources to meet growth targets and enhance service delivery.

Zhibao Technology Inc. is recognized for its innovative approach to digital insurance, pioneering the first digital insurance brokerage platform in China back in 2020. With a portfolio of over 40 unique digital insurance solutions designed for various industries, including travel and e-commerce, Zhibao utilizes advanced data analytics and AI to continually evolve its offerings, keeping pace with market trends and customer preferences.

The partnership with Yingshi Health is positioned as a strategic move to fortify Zhibao’s competitive edge in the insurance landscape, showcasing the company’s commitment to meeting emerging demands in healthcare management and insurance services.

The content above is a summary. For more details, see the source article.