Aurora Mobile Partners with Taikang Life Insurance to Strengthen Smart Insurance Solutions with AI Technologies
Aurora Mobile (NASDAQ: JG) has partnered with Taikang Life Insurance to enhance smart insurance using Aurora's push notification services and AI-driven analysis. This collaboration aims to improve user insights and drive growth in the insurance sector, leveraging Taikang's industry experience and extensive resources, including RMB2 trillion in assets. Aurora Mobile, a prominent developer service provider, serves over 1.65 million apps and has recently launched JG VaaS to capture the lucrative video content market in China.
- Partnership with Taikang Life Insurance enhances growth opportunities in smart insurance.
- Leverage of Aurora’s AI-driven services to improve user insights and decision-making.
- Access to Taikang's significant resources and customer base supports business expansion.
- None.
SHENZHEN, China, Dec. 24, 2020 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in China, today announced that it has entered into a partnership agreement with Taikang Life Insurance Co., Ltd. (“Taikang Life Insurance”). By leveraging Aurora Mobile’s industry-leading push notification services and intelligent operational analysis capabilities, along with Taikang Life Insurance’s competitive advantages in the insurance industry, the two parties will further explore growth opportunities in the field of smart insurance, drive greater adoption of artificial intelligence (“AI”) and support overall digitalization of the insurance industry.
Taikang Life Insurance is a subsidiary of Taikang Insurance Group Co., Ltd. ("Taikang Insurance Group"), which was established in 1996. Taikang Insurance Group is committed to becoming the world's leading financial and insurance service group, mainly focusing on the healthcare industry. With a "professional, market-oriented and standardized" approach, Taikang Insurance Group has been focusing intensively on the life insurance industrial chain and aims to adopt a “Four-in-One” business model to integrate “vibrant elderly care, high-end medical services, excellent wealth management and superior hospice care”. To date, Taikang Insurance Group has over RMB2 trillion of assets under management and RMB448 billion of retirement pensions, over 4,000 insurance branches and sub-branches and 800,000 employees and agents, and has served 329 million individual customers and over 420,000 enterprise customers accumulatively. Taikang Insurance Group has been listed on the Fortune Global 500 list for three consecutive years, ranking No. 4 in China's top 10 life insurance companies.
Through the partnership, Aurora Mobile will use its AI-driven targeted push notification services and powerful machine learning-based operational analysis capabilities to support Taikang Life Insurance to gain comprehensive insights into user needs, conduct real-time decision making and drive sustainable business growth. This cooperation demonstrates the industry-wide acclaim and trust that Aurora Mobile commands for the robust technical capabilities and services it offers to leading Internet insurance platforms.
Aurora Mobile is a leading mobile developer service provider in China. In almost a decade, Aurora Mobile has launched a series of products catering to mobile developers’ needs and helped them to improve operational efficiency, drive business growth and monetization, covering various sectors including e-commerce, education, financial services, short-form video streaming, social network and gaming. As of September 2020, Aurora Mobile had provided software development kits to over 1.65 million APPs. In addition, Aurora Mobile recently launched a Video as a Service solution (“JG VaaS”) to tap into the RMB50 billion market in China. JG VaaS enables mobile app developers to provide relevant user-friendly short video content in their apps, therefore improving user experience, increasing user engagement and stickiness, and enhancing monetization capability.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile is a leading mobile developer service provider in China. Aurora Mobile is committed to providing efficient and stable push notification, one-click verification, and APP traffic monetization services to help developers improve operational efficiency, grow and monetize. Meanwhile, Aurora Mobile's vertical applications have expanded to market intelligence, financial risk management, and location-based intelligence, empowering various industries to improve productivity and optimize decision-making.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SaaS-model; its ability maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.
For general inquiry, please contact:
Aurora Mobile Limited
E-mail: ir@jiguang.cn
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: eyuan@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
FAQ
What is the significance of the partnership between Aurora Mobile and Taikang Life Insurance?
How does Aurora Mobile's technology benefit Taikang Life Insurance?
What is the stock symbol for Aurora Mobile?
What market does JG VaaS target?
