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Zhibao raises private placement from institutional and individual investors

1 min read

Zhibao Technology Inc. completed a private placement with participating institutional and individual investors, including METAVERSE INTELLIGENCE TECH LTD, DYT INFO PTE. LTD., and BCI TECH PTE. LTD., to secure financing for multiple corporate purposes. The company intends to use proceeds for general expenditure and business development, investment into research and development including AI implementations complementary to its InsurTech model, and to advance a digital asset reserve strategy focused on using Bitcoin as a treasury asset. The funding should support Zhibao's platform expansion and technology development while increasing its corporate exposure to digital assets.

Zhibao will use funds for R&D, business and Bitcoin treasury

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