Zhibao Tech Faces Challenges but Remains Optimistic

Zhibao Technology Inc. Class A (ZBAO) has released an update.

Zhibao Technology Inc., a digital insurance brokerage service provider, reported a revenue decrease of 8% and a net loss of RMB 8.5 million in the first half of 2023, contrasting with a net income in the previous year. Despite the downturn, the company has increased investment in marketing and R&D, expanded its business channels, and reached over 10 million end customer users. Zhibao remains optimistic about its growth through strategic mergers and acquisitions, and initiatives like ‘Project Amoeba’ to improve operational efficiency.

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