89元买100元京东E卡还白送保险？百保君兑付危机发酵

Core Insights - The health service platform "Baibaokun" is facing a redemption crisis, with numerous users reporting that promised JD E-cards and points are not being honored, and the company's Shanghai office is vacant [1] - The business model of Baibaokun is fundamentally based on "purchasing insurance rights + high returns in JD cards + redeemable points," with annualized returns significantly exceeding reasonable limits [1] Group 1: Business Model and Operations - Baibaokun offers products such as "Flexible Employment Travel Accident Insurance Rights," priced at 89 yuan, which includes a maximum compensation of 100 yuan and a JD E-card worth 100 yuan after 60-65 days [1] - The model allows consumers to purchase a 100 yuan JD E-card for 89 yuan, effectively yielding an 11% profit per card, along with a free insurance product valued at 100 yuan, resulting in a total return of 111% [1] - The platform also features a "Pet Treatment Subsidy Rights" product priced at 1840 yuan, which offers a 2000 yuan JD card, with the card issued 45-47 days post-purchase [1] Group 2: Legal and Regulatory Concerns - Legal experts suggest that Baibaokun's operations may fall outside the normal insurance value-added services, potentially constituting illegal fundraising or investment fraud [1] - Since September, discussions regarding Baibaokun's redemption crisis have proliferated on social media, with users claiming that previously purchased rights have not resulted in the promised JD E-cards [1] - As of November 17, there were 41 complaints filed against Baibaokun on the Black Cat Complaint platform, primarily concerning the non-issuance of JD E-cards and delays in the WeChat mini-program [1] Group 3: Company Background - Baibaokun is operated by Baibao (Shanghai) Technology Co., Ltd., with its only clear institutional background being Zhong An Information Technology Service Co., Ltd., a wholly-owned subsidiary of Zhong An Insurance [2] - Zhong An Insurance has stated that its subsidiary Zhong An Technology has transferred all shares of Baibao Technology, indicating that they are also victims in this situation and are monitoring the investigation [2]