第一财经结合用户爆料及查阅百保君微信小程序，发现百保君通过"购买权益+超额返还京东卡+高额积 分奖励"的模式获客，比如，售价89元的权益，到期返还100元京东卡，同时还有丰富的积分，积分可以 提现或兑换京东卡，但目前已无法返还所承诺的京东卡等权益。据多位用户称，百保君涉案金额可能超 过1亿元，但截至目前，第一财经暂无法证实这一规模。（详见第一财经11月11日报道《百保君"高额返 利"暴雷，曾由众安保险孵化》） 百保君的运营方为百保（上海）科技有限公司，天眼查显示，该公司成立于2021年4月14日，注册资本 1215.5664万元，实缴692万元，法定代表人为李雪峰，2024年的参保人数为8人。值得一提的是，李雪 峰曾担任众安科技CTO（首席技术官）。 据业内人士对第一财经记者分析，该平台背后可能曾以流量平台模式与合作方分润，但后期模式更类似 高额返利的资金盘骗局。 责任编辑：李琳琳 第一财经11月11日报道众安孵化的百保君高额返利"暴雷"事件后，众安保险11月12日回复第一财经记者 称，旗下子公司众安科技已转让百保君运营方百保公司全部股权。 众安保险表示，百保公司法定代表人、实控人为李雪峰，"众安科技"以无形 ...

Core Viewpoint - The recent "Baibaojun high rebate incident" has led to significant developments for ZhongAn Insurance, including the transfer of all shares of Baibao Company, the operator of Baibaojun, by its subsidiary ZhongAn Technology [2][3]. Group 1: Company Actions - ZhongAn Insurance announced that it has transferred all shares of Baibao Company, which operates Baibaojun, following the high rebate incident [2]. - The company stated that it had not participated in the actual management of Baibao Company and had only invested through an intangible asset evaluation [2]. - ZhongAn Technology decided to exit Baibao Company in 2024 and signed a share transfer agreement in May 2025 [2]. Group 2: Incident Details - The Baibaojun platform utilized a model of "purchasing rights + excess return of JD.com gift cards + high reward points" to attract customers, but it is currently unable to fulfill promised returns [3]. - Reports suggest that the amount involved in the Baibaojun incident may exceed 100 million yuan, although this figure has not been independently verified [3]. - Baibao Company was established in April 2021, with a registered capital of approximately 12.16 million yuan and a paid-in capital of 6.92 million yuan [3].

Core Viewpoint - The article discusses the recent "high rebate" incident involving Baibaojun, which was incubated by Zhong'an Insurance, and highlights the company's response and the ongoing investigation into the matter [3][4]. Group 1: Company Response - Zhong'an Insurance announced that its subsidiary, Zhong'an Technology, has transferred all shares of Baibao Company, the operator of Baibaojun, following the incident [3]. - The company stated that it had not participated in the actual management of Baibao Company and had not received operational feedback since 2023 [3]. - Zhong'an Insurance claims to be a victim in this situation and is monitoring the investigation by law enforcement [3]. Group 2: Incident Details - The Baibaojun platform attracted customers through a model involving "purchase rights + excessive returns of JD.com gift cards + high reward points," but it has failed to deliver promised returns [4]. - Users reported that the total amount involved in the Baibaojun incident could exceed 100 million yuan, although this figure has not been independently verified [4]. - Baibao Company was established in April 2021, with a registered capital of approximately 12.16 million yuan and only eight insured individuals in 2024 [4]. Group 3: Industry Analysis - Industry insiders suggest that the platform may have initially operated on a revenue-sharing model with partners but later shifted to a high-rebate scheme resembling a Ponzi scheme [5].