Zhibao Technology Announces the Establishment of a Joint Venture Company with China Disaster Prevention Association to Pioneer "Insurance + Tech + Service" Model for Risk Mitigation
Zhibao Technology (NASDAQ: ZBAO), a leading InsurTech company in China, has announced a strategic joint venture with Beijing Zhongfang Hongchuang Technology (subsidiary of China Disaster Prevention Association) and Guangzhou Ruiling Intelligent Technology. The JV ownership structure will be 40% Zhibao, 30% Zhongfang, and 30% Ruiling.
The partnership aims to develop an innovative "Insurance + Technology + Service" model focusing on three core areas: government emergency management, corporate workplace safety, and residential disaster prevention. Key initiatives include integrated product development, digital service ecosystem creation, market activation through industry summits, innovation funding, and industry standardization efforts.
Zhibao Technology (NASDAQ: ZBAO), una società InsurTech leader in Cina, ha annunciato una joint venture strategica con Beijing Zhongfang Hongchuang Technology (controllata dalla China Disaster Prevention Association) e Guangzhou Ruiling Intelligent Technology. La JV sarà detenuta per il 40% da Zhibao, per il 30% da Zhongfang e per il 30% da Ruiling.
La partnership punta a sviluppare un innovativo modello 'Assicurazione + Tecnologia + Servizio' concentrato su tre ambiti chiave: gestione delle emergenze pubbliche, sicurezza sui luoghi di lavoro aziendali e prevenzione dei disastri in ambito residenziale. Le iniziative principali includono sviluppo integrato di prodotti, creazione di un ecosistema di servizi digitali, dinamizzazione del mercato tramite summit di settore, finanziamento per l'innovazione e attività per la standardizzazione industriale.
Zhibao Technology (NASDAQ: ZBAO), una empresa InsurTech líder en China, ha anunciado una empresa conjunta estratégica con Beijing Zhongfang Hongchuang Technology (filial de la China Disaster Prevention Association) y Guangzhou Ruiling Intelligent Technology. La participación en la JV será del 40% para Zhibao, 30% para Zhongfang y 30% para Ruiling.
La alianza tiene como objetivo desarrollar un innovador modelo 'Seguros + Tecnología + Servicio' centrado en tres áreas clave: gestión de emergencias gubernamentales, seguridad en el puesto de trabajo corporativo y prevención de desastres en el ámbito residencial. Las iniciativas clave incluyen desarrollo integrado de productos, creación de un ecosistema de servicios digitales, activación del mercado mediante cumbres sectoriales, financiación para la innovación y esfuerzos de estandarización de la industria.
Zhibao Technology (NASDAQ: ZBAO)는 중국의 선도적 인슈어테크(InsurTech) 기업으로, Beijing Zhongfang Hongchuang Technology(중국재난방지협회 산하 자회사) 및 Guangzhou Ruiling Intelligent Technology와 전략적 합작법인을 발표했습니다. 합작사 지분 구조는 Zhibao 40%, Zhongfang 30%, Ruiling 30%입니다.
이 파트너십은 '보험 + 기술 + 서비스'의 혁신적 모델을 개발해 정부 비상관리, 기업 작업장 안전, 주거지 재난 예방 등 세 가지 핵심 분야에 중점을 둡니다. 주요 과제는 통합 상품 개발, 디지털 서비스 생태계 구축, 업계 정상회의를 통한 시장 활성화, 혁신 자금 지원, 산업 표준화 추진 등을 포함합니다.
Zhibao Technology (NASDAQ: ZBAO), une entreprise InsurTech de premier plan en Chine, a annoncé une coentreprise stratégique avec Beijing Zhongfang Hongchuang Technology (filiale de la China Disaster Prevention Association) et Guangzhou Ruiling Intelligent Technology. La répartition du capital de la JV sera de 40% Zhibao, 30% Zhongfang et 30% Ruiling.
Le partenariat vise à développer un modèle innovant « Assurance + Technologie + Service » axé sur trois domaines clés : la gestion des urgences gouvernementales, la sécurité au travail en entreprise et la prévention des catastrophes en milieu résidentiel. Les initiatives principales comprennent le développement intégré de produits, la création d'un écosystème de services numériques, l'activation du marché via des sommets sectoriels, le financement de l'innovation et les efforts de normalisation de l'industrie.
Zhibao Technology (NASDAQ: ZBAO), ein führendes InsurTech-Unternehmen in China, hat ein strategisches Joint Venture mit Beijing Zhongfang Hongchuang Technology (Tochtergesellschaft der China Disaster Prevention Association) und Guangzhou Ruiling Intelligent Technology angekündigt. Die Beteiligungsstruktur des JVs beträgt 40% Zhibao, 30% Zhongfang und 30% Ruiling.
Die Partnerschaft zielt darauf ab, ein innovatives Modell 'Versicherung + Technologie + Service' zu entwickeln, das sich auf drei Kernbereiche konzentriert: behördliches Notfallmanagement, betriebliche Arbeitssicherheit und häusliche Katastrophenvorsorge. Zu den wichtigsten Initiativen zählen integrierte Produktentwicklung, Aufbau eines digitalen Service-Ökosystems, Marktaktivierung durch Branchengipfel, Innovationsfinanzierung und Bestrebungen zur Industrienormung.
- Strategic JV formation with 40% ownership stake in a potentially lucrative risk mitigation venture
- Partnership with authoritative China Disaster Prevention Association provides access to extensive disaster database resources
- Development of new revenue streams through integrated product offerings and digital service ecosystem
- Access to CDPA's extensive industry network for market expansion
- Significant investment and resources required for product development and ecosystem creation
- Complex three-way partnership structure may lead to operational challenges
- Success dependent on effective integration of multiple technologies and stakeholders
Insights
Zhibao's joint venture with CDPA creates promising revenue potential by expanding into proactive risk mitigation with 40% ownership stake.
This joint venture marks a strategic diversification for Zhibao Technology beyond its core InsurTech brokerage services into the growing risk mitigation market. With 40% ownership in the JV, Zhibao secures the largest stake among the three partners, potentially positioning it to exert significant influence over operations while leveraging the specialized expertise of its partners.
The partnership with China Disaster Prevention Association's subsidiary brings substantial value through access to authoritative disaster data and government relationships - critical assets in China's heavily regulated insurance sector. This collaboration addresses a key market gap in China: the transition from reactive insurance models to proactive risk management approaches.
The JV's three-pronged focus on government emergency management, workplace safety, and residential disaster prevention targets diverse revenue streams across public and private sectors. By developing integrated products and a digital service ecosystem, this venture could create recurring revenue opportunities throughout the risk management lifecycle - from monitoring and assessment to insurance and recovery services.
The emphasis on industry standardization suggests potential for the JV to establish market-defining protocols, potentially creating competitive advantages and barriers to entry. While financial terms and near-term revenue projections aren't disclosed, this venture aligns with China's growing emphasis on disaster resilience and technological innovation in risk management - a market with substantial growth potential as climate-related and industrial risks increase across the country.
Shanghai, China--(Newsfile Corp. - August 12, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced the signing of an agreement to collaborate on establishing a joint venture ("JV") company, to be formed, with Beijing Zhongfang Hongchuang Technology Company Limited ("Zhongfang"), a wholly-owned subsidiary of the China Disaster Prevention Association ("CDPA"), and Guangzhou Ruiling Intelligent Technology Co. Ltd. ("Ruiling"). Though this JV, the parties agree to establish a long-term, strategic relationship aimed at jointly developing an innovative "Insurance + Technology + Service" model to deepen cooperation in the field of risk reduction services across China.
The parties will focus on enhancing risk management and mitigation services across three core scenarios: government emergency management, corporate workplace safety, and residential disaster prevention and reduction.
Under the agreement, the Company will own
During the meeting relating to the establishment of the JV, all parties agreed to a multi-faceted cooperation, to be included in a future strategic partnership agreement, including:
- Integrated Product Development: Combining Zhibao's technology and risk management expertise with the CDPA's extensive disaster database resources to develop customized risk reduction service offerings.
- Digital Service Ecosystem: Co-developing a comprehensive digital service system that provides an end-to-end workflow - from monitoring and early warning signals to risk assessment, insurance coverage, and post-disaster recovery. Initial focus areas will include geological disasters, urban waterlogging, and production safety.
- Market Activation: Jointly hosting industry summits and disaster prevention technology forums to stimulate the risk management services market, utilizing the CDPA's extensive industry network and Zhibao's established channel partnerships.
- Innovation Funding: Collaborating with financial institutions to launch dedicated funds supporting the research and development of disaster monitoring equipment, innovation in risk reduction services, and the construction of intelligent disaster prevention platforms.
- Industry Standardization: Working together with industry associations and research institutions to establish robust standards for risk management services, products, and supply chains.
"We believe our cooperation with CDPA and Ruiling relating to this JV company can be a transformative step in our mission to redefine insurance services through technology," said Mr. Botao Ma, Chairman and CEO of the Company. "By uniting our AI-driven risk management platform with CDPA's authoritative expertise and data, we believe we are poised to create a new paradigm for proactive risk mitigation. We believe this 'Insurance + Tech + Disaster Prevention' model will not only deliver added value to our partners, customers, and shareholders, but also make a important contribution towards building a more resilient society."
The CDPA commented: "As the cooperation deepens, all parties believe that they will aim to leverage their strengths in technology research and development, resource integration, and industry leadership to accelerate the deep integration of risk management technology with disaster prevention and mitigation practices; and this cross-disciplinary collaboration not only injects innovative momentum into disaster prevention and mitigation, but also serves as a catalyst for the industry's exploration of sustainable development models."
About Zhibao Technology Inc.
Zhibao Technology Inc. (NASDAQ: ZBAO) is a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary PaaS ("Platform as a Service").
Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilize big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: ir.zhibao-tech.com.
About the China Disaster Prevention Association (CDPA)
The China Disaster Prevention Association, established in 1987, is a national-level comprehensive social organization registered with the Ministry of Civil Affairs. Supervised by the Ministry of Emergency Management, the CDPA covers the full spectrum of disaster types—including natural disasters, man-made disasters, and public emergencies—and all stages of the response process. The association is dedicated to leveraging social resources for disaster prevention, mitigation, and relief work to enhance society's overall capacity to defend against various disasters. Its key focus areas include policy research, decision-making consultation, public education, risk prevention, resilience building, technology application, and international cooperation.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of our annual reports on Form 20-F (as amended) and registration statements on Form F-1 (as amended) and Form F-3 (as amended) that have been filed or will be filed from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Investor Relations Contact
Zhibao Technology Inc.
Investor Relations Office
Email: ir@zhibao-tech.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
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New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262167
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