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SHANGHAI - Zhibao Technology Inc. (NASDAQ: ZBAO), a prominent InsurTech company in China with a market capitalization of $33 million and impressive revenue growth of 83% in the last twelve months, has announced a strategic partnership with Sichuan Fanmo Technology Co., Ltd. (F+More) through its subsidiary Sunshine Insurance Brokers. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment. This collaboration marks Zhibao’s entry into the burgeoning drone and low-altitude economy insurance market in China, aiming to leverage the country’s projected RMB 3.5 trillion low-altitude economy by 2035.
The partnership, which became operational in April 2025, enables Sunshine to provide digital insurance brokerage services to F+More’s clientele across China. By integrating real-time flight data and dynamic risk assessment, the alliance seeks to offer online policy customization and automated claims processing, enhancing service capabilities in the drone insurance sector.
The Civil Aviation Administration of China estimates the current value of China’s low-altitude airspace economy at over RMB 500 billion, with expectations of substantial growth. While Zhibao’s stock has faced challenges, declining over 70% in the past year, InvestingPro data reveals the company maintains healthy profitability with a gross margin of 35.5% and positive earnings per share of $0.09. InvestingPro subscribers have access to 8 additional key insights about ZBAO’s financial health and growth prospects. The Swiss Re Institute forecasts the low-altitude insurance market could reach RMB 8-10 billion by 2035, underscoring the potential for specialized insurance providers.
Zhibao’s CEO, Botao Ma, expressed confidence that the partnership will accelerate the provision of tailored drone insurance solutions throughout China and set new innovation standards in the sector.
Zhibao Technology Inc., listed on NASDAQ, has pioneered a 2B2C digital embedded insurance business model in China, launching the country’s first digital insurance brokerage platform in 2020. With over 40 proprietary digital insurance products, Zhibao continues to refine its offerings using big data and AI technology.
F+More, established in 2015, has developed a reputation for addressing industry challenges through data and algorithmic solutions, providing coverage for over twenty risk scenarios and collaborating with over 500 drone manufacturers.
Statements in this press release may constitute "forward-looking statements" and are subject to uncertainties and risks, including market conditions and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For comprehensive financial analysis and real-time updates on ZBAO’s performance, visit InvestingPro, which offers detailed metrics, Fair Value estimates, and professional-grade financial insights.
This news article is based on a press release statement and does not contain any endorsements of claims or predictions of future performance.
In other recent news, Zhibao Technology Inc. has introduced an advanced AI agent named ZBOT to improve the efficiency of its sales operations. The AI tool is designed to automate routine tasks, enabling the sales team to focus more on customer engagement and relationship building. According to CEO Botao Ma, ZBOT is expected to enhance operational efficiency and user experience by leveraging industry-leading AI models and proprietary data. In a separate development, Zhibao Technology has expanded its natural gas insurance services in China. This expansion is facilitated through a partnership with YipinSmart, a subsidiary of China Gas, and aims to provide digital insurance brokerage services for smart home solutions. The collaboration initially covers over 36 million people across five cities in the Zhejiang and Jiangsu provinces. Zhibao’s natural gas insurance solutions now extend to 18 cities and territories in China. These recent developments reflect Zhibao’s strategy to diversify its insurance offerings and strengthen its presence in the natural gas sector.
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