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Zhibao Inks Strategic Investment Cooperation With Sport Covers To Jointly Create New Business Model Of Digital Sports And Insurance Brokerage; Foresees Considerable Revenue Contributions

Benzinga ·  Jul 26 05:37

The Company estimates that the strategic investment cooperation with Sports Cover will result in considerable revenue contributions over the next several years. Zhibao forecasts that the revenue increase for 2024 will be approximately CNY 20M; 2025 about CNY 50M; and an estimate of CNY 80M in 2026.

Zhibao expects to successfully penetrate the sports-related insurance sector and expand its market presence over the next few years. By 2024, the Company expects to have approximately 10% of the market, followed by a greater than 15% share in 2025, and over 20% by 2026.

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