# Zhongbao (Beijing) Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhongbao-beijing-technology-co

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.kags.com
- Total disclosed funding: $1M
- Latest round: Angel (Oct 7, 2014)
- Investors on record: 1

## About

Zhongbao (Beijing) Technology Co., Ltd. specializes in critical illness mutual assistance, providing innovative financial protection solutions to individuals facing serious health issues in China.Founded in 2011 and headquartered in Beijing, China, Zhongbao (Beijing) Technology Co., Ltd. operates as a pioneer in digital mutual aid protection. The company has successfully completed 2 deals, with its most recent funding round occurring in February 2017 when it raised CNY 10 million in pre-A funding led by Milestone Investment Management. The firm was co-founded by Changwei Zhang and Zhenglan Ge, with Changwei Zhang currently serving as CEO.???? is recognized as one of China's earliest platforms for critical illness mutual assistance, pioneering a digital mutual aid protection model since its inception in 2011. The company’s core offerings primarily include a mutual assistance program designed to provide financial relief for individuals facing serious health challenges, specifically targeting those without adequate health insurance coverage.???? serves a diverse customer base across China, focusing on urban and semi-urban populations who seek alternative financial safety nets for health-related expenses.The revenue structure of ???? is built around a subscription model for its mutual assistance services. Clients, upon enrolling, pay a recurring fee that contributes to the collective fund utilized for health-related payouts. The model involves tiered membership levels that offer varying degrees of coverage and benefits, fostering long-term relationships with members to ensure a steady revenue stream through ongoing participation in its mutual assistance offerings, which are designed to be accessible and affordable.Zhongbao (Beijing) Technology Co., Ltd. plans to enhance its product offerings by designing new mutual assistance programs aimed at expanding coverage for specific health conditions, expected to launch by mid-2018. The company is also targeting geographical expansion into rural regions of China by the end of 2018, aiming to reach a broader audience in need of health financial solutions. The recent funding of CNY 10 million will support these initiatives, facilitating the development of new products and market penetration strategies.

## Funding rounds

- Angel, Oct 7, 2014, $1M — Ceyuan Ventures

## Investors

- Ceyuan Ventures (https://capitalatlas.ai/funds/ceyuan-ventures) — Angel