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Zhibao Technology is a Chinese online insurance broker, acting as a digital middleman that connects customers with insurance products and also provides underwriting and healthcare services. Think of it as an online insurance marketplace rather than an insurer
Revenue reached CNY 0.28B in fiscal 2025, up from CNY 0.18B the prior year. However, the company lost money, with a net margin of -15.44% and operating income of -CNY 0.05B, meaning the core brokerage business isn't yet profitable.
The online insurance brokerage space in China is highly competitive, with established players like ZhongAn Online and Ping An Insurance dominating distribution channels. Zhibao's small scale (CNY 0.28B revenue) and lack of proprietary technology or exclusive p