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Stock impact report

Fanhua Announces Strategic Partnership with Baidu AI Cloud for Application of Large Model in Insurance Distribution

Fanhua Inc. - American depositary shares, each representing 20 ordinary shares (FANH) 
Last fanhua inc. - american depositary shares, each representing 20 ordinary shares earnings: 3/18 04:55 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.fanhuaholdings.com
Company Research Source: GlobeNewswire
GUANGZHOU, China, June 03, 2024 (GLOBE NEWSWIRE) -- FANHUA Inc. (Nasdaq: FANH) (the “Company” or “FANHUA”), a leading independent technology-driven financial services provider in China, today announced that it signed a strategic cooperation agreement (“Agreement”) with Baidu AI Cloud to jointly develop “Du Xiaobao”, an AI-Powered insurance sales assistant application equipped with professional service capabilities. This initiative aims to drive the digital and intelligent transformation of the insurance industry, providing insurance agents with a more intelligent and convenient sales experience. Pursuant to the Agreement, the parties will combine their respective resources to jointly develop and operate “Du Xiaobao.” Fanhua will provide servers, insurance knowledge data, a product development team, and an expert team, while Baidu will offer large model dialogue, model refining capabilities, and financial model middleware technical support. Baidu will also help upgrade traditional i Show less Read more
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