Zhibao Technology Launches Zhibao Yingshi Joint Venture with Yingshi Health
Zhibao Technology Inc., a leading InsurTech company listed on NASDAQ, has announced the launch of a new joint venture, Shanghai Zhibao Yingshi Health Technology Co. Ltd ("Zhibao Yingshi"), in partnership with Shanghai Xingtao Network Technology Co. Ltd. ("Yingshi Health"). Under the Cooperation Framework Agreement signed in September 2025, Zhibao Technology will hold a 51% equity stake in the joint venture, which aims to accelerate the development of medical insurance products in China. The partnership combines Zhibao's strengths in reinsurance, brokerage, and risk management with Yingshi Health's expertise in health insurance, with both parties merging their relevant businesses into the joint venture. Mr. Chunhui Ji, General Manager of Yingshi Health, will lead Zhibao Yingshi as chairman and general manager. The joint venture has set preliminary revenue targets of RMB 4 million per month for the remainder of 2025 and RMB 50 million for 2026, with an expected annual growth rate of at least 10%. The company recorded its first revenue from mid- and high-end medical policy service fees in November 2025.
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