Yuanbao Inc. (YB)

Yuanbao Inc. is a Beijing-based online insurance distribution company whose American depositary shares trade on the Nasdaq. Founded in 2020, it operates a technology-driven platform that connects consumers in China with insurance products offered by partner insurance carriers.

Yuanbao concentrates on health and life coverage, such as medical insurance, critical illness and term life policies. It reaches customers largely through digital channels and uses data analytics and algorithms to target marketing, match users with suitable products and manage customer acquisition.

Rather than underwriting risk itself, Yuanbao earns revenue from the services it provides to insurance companies, including distribution and related technical services. The company listed in the United States through an initial public offering in 2025.