Zhibao Technology Launches Joint Venture for Digital Health Insurance Brokerage in China

Zhibao Technology Inc., a leading InsurTech company listed on NASDAQ, announced the launch of its joint venture, Shanghai Zhibao Yingshi Health Technology Co. Ltd, formed with Shanghai Xingtao Network Technology Co. Ltd in September 2025. This JV focuses on digital insurance brokerage services within China's mid- and high-end medical insurance sector, leveraging the combined expertise and resources of both entities to enhance their market reach and product offerings. The JV commenced operations recently, recording its first revenues in November 2025 primarily through service fees linked to medical insurance policies underwritten by Pingan Property and Casualty Insurance. Zhibao holds a 51% equity stake in the joint venture, asserting operational control and strategic direction. Financial targets outlined for Zhibao Yingshi include achieving monthly revenues of approximately RMB 4 million (USD 560,000) through the end of 2025, and annual revenues of RMB 50 million (USD 7 million) in 2026, with a projected minimum annual growth rate of 10%, pending board approval. These targets reflect ambitions to scale digital embedded insurance solutions in a growing Chinese healthcare insurance market. Zhibao Technology pioneers digital insurance brokerage via a proprietary PaaS platform integrating big data and AI technologies, offering over 40 digital insurance solutions across various sectors including travel, logistics, and e-commerce. The JV leverages Zhibao's robust technological infrastructure alongside Yingshi Health’s expertise in intelligent underwriting and health insurance risk management, including Health Maintenance Organizations and Pharmaceutical Benefit Management. This collaboration aligns with broader industry trends toward digitization in insurance distribution and risk control, emphasizing AI-driven underwriting and integrated health resource management. The JV’s focused strategy aims to capitalize on increased demand for tailored health insurance products in China’s mid- and high-end consumer segments. Zhibao and Yingshi Health’s integration offers U.S. insurance analysts insights into evolving digital health insurance models in large international markets, highlighting the impact of technology-driven brokerage platforms and the importance of strategic joint ventures in expanding service capabilities and market penetration.