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Stock impact report

Fanhua partners with Baidu to develop AI insurance assistant [Yahoo! Finance]

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: Yahoo! Finance
The collaboration aims to support insurance agents with advanced digital tools, facilitating a smarter and efficient sales experience. Under the agreement, Fanhua and Baidu will pool their resources to develop and manage Du Xiaobao. Fanhua will contribute servers, insurance knowledge data, a product development team and an expert team. Meanwhile, Baidu will provide large model dialogue, model refining capabilities and financial model middleware technical support. Baidu's contribution will also involve upgrading traditional insurance marketing support tools to improve language processing, emotional expression and logical reasoning. This partnership is expected to empower insurance agents to adapt to market changes and customer needs more effectively, ultimately boosting sales efficiency and service quality. Du Xiaobao is due to begin beta testing with seed users in June 2024, with the official launch of version 1.0 scheduled for July 2024. The first version will utilise Show less Read more
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