Zhibao Inks Strategic Investment Cooperation With Sport Covers To Jointly Create New Business Model Of Digital Sports And Insurance Brokerage; Foresees Considerable Revenue Contributions
Portfolio Pulse from Benzinga Newsdesk
Zhibao has entered into a strategic investment cooperation with Sport Covers to develop a new business model in digital sports and insurance brokerage. The partnership is expected to significantly boost Zhibao's revenue over the next few years, with projected increases of CNY 20M in 2024, CNY 50M in 2025, and CNY 80M in 2026. Zhibao aims to capture a substantial share of the sports-related insurance market, targeting 10% by 2024, over 15% by 2025, and more than 20% by 2026.
July 25, 2024 | 9:38 pm
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Zhibao's strategic partnership with Sport Covers is expected to significantly increase its revenue and market share in the sports-related insurance sector over the next few years.
The strategic investment cooperation with Sport Covers is expected to drive significant revenue growth for Zhibao, with projections of CNY 20M in 2024, CNY 50M in 2025, and CNY 80M in 2026. Additionally, Zhibao aims to capture a substantial share of the sports-related insurance market, which will likely enhance its market presence and financial performance.
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