Zhibao Technology Inc. Enters Joint Venture with China Disaster Prevention Association to Innovate "Insurance + Tech + Service" Model for Risk Mitigation
Reuters
Aug 12, 2025
Zhibao Technology Inc. Enters Joint Venture with China Disaster Prevention Association to Innovate "Insurance + Tech + Service" Model for Risk Mitigation
Zhibao Technology Inc. $(ZBAO)$, a leading InsurTech company in China, has announced a significant partnership through the establishment of a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited and Guangzhou Ruiling Intelligent Technology Co. Ltd. This collaboration aims to pioneer a novel "Insurance + Technology + Service" model to enhance risk management and mitigation across China. The joint venture will address three core areas: government emergency management, corporate workplace safety, and residential disaster prevention. Zhibao will hold a 40% stake in the new venture, with Zhongfang and Ruiling each owning 30%. The partnership will leverage Zhibao's technology and the China Disaster Prevention Association's disaster database to develop customized risk reduction services and establish industry standards. Mr. Botao Ma, Chairman and CEO of Zhibao, emphasized the transformative potential of this collaboration in redefining insurance services and contributing to societal resilience.
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: 262167) on August 12, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.