Zhibao Technology Inc., a leading InsurTech company, has announced the commencement of operations for Shanghai Zhibao Yingshi Health Technology Co. Ltd (Zhibao Yingshi), a joint venture formed in September 2025 with Yingshi Health, a subsidiary of Shanghai Xingtao Network Technology Co. Ltd. Under the terms of the Cooperation Framework Agreement, Zhibao Technology holds a 51% equity interest in the new venture, which aims to accelerate the development of medical insurance products in China. The partnership combines Zhibao's expertise in digital insurance brokerage and reinsurance with Yingshi Health's presence in the mid-end medical insurance market. Preliminary revenue targets have been set at RMB 4 million per month for the remainder of 2025 and RMB 50 million for 2026, with annual growth expected to be no less than 10%.