Zhibao Technology's Subsidiary Acquires Majority Stake in Zhonglian Jinan, Expanding Nationwide Insurance Brokerage Network

Reuters

2025/07/03

Zhibao Technology's Subsidiary Acquires Majority Stake in Zhonglian Jinan, Expanding Nationwide Insurance Brokerage Network

Zhibao Technology Inc., a prominent player in the InsurTech sector, has announced a significant expansion of its operations through a strategic acquisition. The company's subsidiary, Zhibao Technology Co., Ltd., has successfully acquired a controlling interest in Zhonglian Jinan Insurance Brokers Co., Ltd. This acquisition, valued at approximately $3.5 million, sees Zhibao securing 51% of Zhonglian Jinan's equity. This move more than doubles Zhibao's branch network and enhances its insurance brokerage capabilities across China. The acquisition provides Zhibao with immediate access to Zhonglian Jinan's existing brokerage licenses and complements its product offerings in various insurance sectors. Zhonglian Jinan has now become a subsidiary of Zhibao Technology, strengthening its position in the evolving insurance brokerage industry in China.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhibao Technology Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 257615) on July 02, 2025, and is solely responsible for the information contained therein.

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The company's subsidiary, Zhibao Technology Co., Ltd., has successfully acquired a controlling interest in Zhonglian Jinan Insurance Brokers Co., Ltd. This acquisition, valued at approximately $3.5 million, sees Zhibao securing 51% of Zhonglian Jinan's equity. This move more than doubles Zhibao's branch network and enhances its insurance brokerage capabilities across China. The acquisition provides Zhibao with immediate access to Zhonglian Jinan's existing brokerage licenses and complements its product offerings in various insurance sectors. Zhonglian Jinan has now become a subsidiary of Zhibao Technology, strengthening its position in the evolving insurance brokerage industry in China.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhibao Technology Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 257615) on July 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4173","symbol_name":"保险经纪商","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250702:nNDL174MM8:1","article_id":"2548619843","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548619843","pubTimestamp":1751493656,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Zhibao Technology Inc., a prominent player in the InsurTech sector, has announced a significant expansion of its operations through a strategic acquisition. 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This move more than doubles Zhibao's branch network and enhances its insurance brokerage capabilities across China. The acquisition provides Zhibao with immediate access to Zhonglian Jinan's existing brokerage licenses and complements its product offerings in various insurance sectors. Zhonglian Jinan has now become a subsidiary of Zhibao Technology, strengthening its position in the evolving insurance brokerage industry in China.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhibao Technology Inc. published the original content used to generate this news brief via Newsfile (Ref. 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