U-BX Technology Raises $10 Million for Digital Promotion and Risk Assessment Services in China

U-BX Technology, a leading provider of digital promotion and risk assessment services to insurance companies in China, has recently raised $10 million by selling 2 million shares at $5 each. The company’s unique algorithmic model allows it to generate customized risk reports based on a range of factors, including the vehicle brand, model, travel area, and age.

U-BX Technology serves over 300 city-level property and auto insurance carriers across China, as well as around 200,000 insurance brokers who rely on its products and services for their daily operations. With plans to list on the Nasdaq stock exchange under the ticker symbol UBXG, the company is demonstrating its continued growth and success in the insurance industry in China. The deal was managed by EF Hutton, who acted as the sole bookrunner for the offering.