Zhibao Technology forms joint venture for AI insurance solutions

Shanghai - Zhibao Technology Inc. (NASDAQ:ZBAO) has announced a joint venture with Dongbaohui to develop AI-powered long-term insurance solutions, as reported by a press release. The joint venture, chaired by Dongbaohui's founder and former Ping An Insurance Group Executive Director, Min Lu, will be led by Zhibao Technology's Chief Technology Officer, Yugang Wang.

Zhibao, which operates partnerships in over 3,100 business scenarios and serves more than 27 million individual and small- and medium-sized enterprise customers, has integrated its digital insurance platform with Dongbaohui's AI expertise in life insurance to create an "AI-native" long-term insurance model. Botao Ma, Zhibao's Founder, Chairman, and CEO, explained that the partnership enhances the company's capabilities by merging Zhibao's scenario base with Dongbaohui's AI prowess in life insurance.

The joint venture aims to activate long-term insurance demand in an AI-native manner through intelligent demand insights, dynamic product matching, and real-time service responses, moving away from traditional push-selling methods.