Core Viewpoint - Zhibao Technology Inc. has announced the acquisition of a controlling interest in Zhonglian Jinan Insurance Brokers Co., Ltd., which will significantly expand its branch network and enhance its insurance brokerage capabilities across China [2][5]. Group 1: Acquisition Details - Zhibao China will acquire 51% of Zhonglian Jinan for a total purchase price of RMB25.5 million (approximately $3.5 million), based on a valuation of RMB50 million for 100% equity [2][3]. - The payment will be made in four installments, with the first three installments of RMB7.65 million (approximately $1.05 million) due on July 31, 2025, July 31, 2025, and January 31, 2026, respectively [3]. - The fourth installment of RMB2.55 million (approximately $0.35 million) is contingent on Zhonglian Jinan generating revenue of at least RMB140 million (approximately $19.18 million) within one year following the first installment payment [3]. Group 2: Strategic Benefits - The acquisition is expected to more than double Zhibao's branch offices, enhancing its geographic reach and market presence [5]. - Zhibao gains immediate access to Zhonglian Jinan's existing brokerage licenses, which typically require lengthy regulatory approval to obtain [6]. - The integration of Zhonglian Jinan's product portfolio will complement Zhibao's offerings in various insurance sectors, including liability, accident, health, and commercial property [7]. Group 3: Company Background - Zhibao Technology Inc. is a leading InsurTech company focused on digital insurance brokerage services in China, having launched the first digital insurance brokerage platform in 2020 [9]. - Zhonglian Jinan, founded in June 2015, operates 28 province-level and 30 city-level branches, primarily focusing on non-auto insurance lines [11].

Core Insights - Zhibao Technology's subsidiary, Sunshine Insurance Brokers, has entered a strategic partnership with F+More to tap into China's low-altitude economy insurance market, projected to reach RMB 3.5 trillion by 2035 [2][6][10] - The partnership aims to leverage Sunshine's digital insurance brokerage capabilities and F+More's expertise in the low-altitude economy to create customized insurance products for the drone sector [4][10] Company Overview - Zhibao Technology Inc. is a leading InsurTech company in China, focusing on digital insurance brokerage services and has pioneered a B2B2C digital embedded insurance model [11] - Sunshine Insurance Brokers has launched digital insurance brokerage services for F+More's clients, aiming to cover all provinces in China [3][4] Market Opportunity - The low-altitude economy, which includes commercial drones and urban air mobility, is expected to grow significantly, with the low-altitude insurance market projected to reach RMB 8-10 billion by 2035 [6][7] - The low-altitude airspace economy in China exceeded RMB 500 billion in 2023, indicating substantial growth potential for specialized insurance providers [6] Strategic Collaboration - The partnership integrates real-time flight data with risk assessment mechanisms, enabling rapid policy customization and automated claims processing [4][5] - Both companies aim to establish competitive advantages in the low-altitude insurance landscape through joint development of insurance products [4][5] Industry Developments - Recent advancements, such as the successful public road test flight of a flying car, signal a shift towards commercialization in the low-altitude economy [8] - China is positioned to benefit from these trends due to its strategic advantages in drone technology and logistics [8][9]

Zhibao Technology Inc. Announces Revised Financial Results for the Six Months Ended December 31, 2024May 02, 2025 4:30 PM EDT | Source: Zhibao Technology Inc.Shanghai, China--(Newsfile Corp. - May 2, 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 revised financial results for the six months e ...

Zhibao Technology Announces 1H2025 Earnings Conference Call and Other Upcoming Investor EventsApril 09, 2025 4:01 PM EDT | Source: Zhibao Technology Inc.Shanghai, China--(Newsfile Corp. - April 9, 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 its 1H2025 Earnings Conference Call, recapping th ...