We launched the first digital insurance brokerage platform in China in 2020, powered by our proprietary PaaS (Platform as a Service). (Incorporated in the Cayman Islands) 

We are a leading and high-growth InsurTech company primarily engaged in providing digital insurance brokerage services in China. 

We operate substantially all of our business through its PRC Subsidiaries, or Zhibao China Group, in particular Zhibao China and Sunshine Insurance Brokers.

2B2C (“to-business–to-customer”) digital embedded insurance is our innovative business model, which Zhibao China Group pioneered in China. 

2B2C digital embedded insurance refers to our one-stop customized insurance brokerage model conducted through Zhibao China Group, under which we provide proprietary and customized insurance solutions to be digitally embedded in the existing customer engagement matrix of business entities (our “business channels” or “B channels”) to reach and serve such B channels’ existing pool of end customers (“end customers” or “C”). Each B channel encompasses a specific scenario where its end customers also have potential, untapped insurance needs. For example, a Chinese travel agency (our B channel) has an average of 100,000 Chinese tourists traveling to the U.S. for tourism every year. We believe this presents an untapped scenario-specific opportunity for international travel accident insurance needs for a pool of 100,000 Chinese tourists as end customers. These end customers might otherwise have to search for and purchase insurance separately or might not purchase insurance at all. After Zhibao China Group reaches an agreement with such travel agency to become one of our B channels, they build and embed a travel insurance solution across this travel agency’s matrix of digital channels, including its website, App, Douyin (the Chinese equivalent of TikTok), WeChat Mini Program, and other social media accounts. Consequently, we, through Zhibao China Group, may pinpoint the 100,000-strong customer base and provide insurance brokerage services which are specifically and accurately tailored to the insurance needs of these end customers.

Note: For the fiscal year that ended June 30, 2023, Zhibao Technology Inc. reported a net loss of $5.9 million on revenue of $19.6 million.

(Note: Zhibao Technology Inc. slightly  upsized its tiny IPO at pricing on April 1, 2024, to 1.5 million Class A ordinary shares – up from 1.2 million shares – and priced its IPO at $4.00 – the low end  of its $4.00-to-$6.00 price range – to raise $6.0 million. Background:  Zhibao Technology Inc. is offering 1.2 million Class A ordinary shares at a price range of $4.00 to $6.00 to raise $6.0 million in its initial public offering. This is a NASDAQ listing. Zhibao Technology Inc. filed its F-1 without disclosing terms on Sept. 8, 2023. The Shanghai-based InsurTech company submitted its confidential IPO documents to the SEC on March 23, 2023.)