Zhibao’s New Insurance Push and Stock Surge

Zhibao Technology has unveiled a new digital insurance platform on Chengdu’s Tianfu Citizen’s Cloud, targeting an audience of nearly 20 million users. The rollout follows a three‑year partnership agreement, with the platform initially offering the company’s Huiminbao medical insurance. Future expansions will include home, property, and casualty coverage.

Strategic Implications

The launch marks a significant milestone for Zhibao’s 2B2C strategy, according to CEO Botao Ma. COO Xiaowei Le emphasized plans to collaborate with banks and other financial entities, leveraging data insights to craft locally tailored products that precisely meet customer needs.

Leadership Changes

• Chief Financial Officer: Guangtong Ren will assume the role on July 1, succeeding Yuanwen Xia.
• Board Expansion: Three independent directors—Jun Ma, YiYun Dai, and Han Tang—have joined to replace departing members.

Company Background

Zhibao is a China‑based InsurTech founded in 2020, built on a Platform‑as‑a‑Service framework. The firm currently sells over 40 digital policies across travel, sports, and e‑commerce sectors, utilizing big data and AI to refine its product offerings.

Market Reaction

Shares surged 105.41 % in pre‑market trading, reaching $0.6080, according to Benzinga Pro data.