Tian Ruixiang Holdings Ltd (TIRX): Business Model Canvas

In der sich schnell entwickelnden Landschaft der digitalen Versicherung erweist sich Tian Ruixiang Holdings Ltd (TIRX) als Pionierkraft, die traditionelle Versicherungsparadigmen durch modernste Technologie und innovative Strategien verändert. Durch die Nutzung fortschrittlicher digitaler Plattformen und datengesteuerter Erkenntnisse definiert TIRX neu, wie städtische Fachleute, Kleinunternehmer und technikaffine Verbraucher Versicherungen erleben – und bietet nahtlose, personalisierte Lösungen, die die Lücke zwischen komplexem Risikomanagement und benutzerfreundlichen digitalen Erlebnissen schließen. Diese umfassende Untersuchung des Business Model Canvas von TIRX enthüllt die komplizierten Mechanismen, die ihren disruptiven Versicherungsansatz im dynamischen chinesischen Markt vorantreiben.

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Zusammenarbeit mit chinesischen Versicherungsunternehmen

Tian Ruixiang Holdings Ltd unterhält strategische Partnerschaften mit folgenden Versicherungsunternehmen:

Partner-Versicherungsgesellschaft	Art der Zusammenarbeit	Gründungsjahr
Ping eine Versicherungsgruppe	Digitale Plattformintegration	2021
China-Lebensversicherung	Teilen von Risikobewertungen	2022
PICC Schaden- und Unfallversicherungsgesellschaft	Technologieinfrastruktur	2020

Technologiedienstleister für digitale Versicherungsplattformen

Zu den wichtigsten Technologiepartnerschaften gehören:

• Alibaba Cloud – Cloud-Infrastrukturdienste
• Tencent Technology – Lösungen für KI und maschinelles Lernen
• Huawei Technologies – Cybersicherheit und Netzwerkinfrastruktur

Datenanalyseunternehmen für die Risikobewertung

Datenanalysepartner	Spezialisierter Service	Vertragswert
DataMind Analytics	Prädiktive Risikomodellierung	1,2 Millionen US-Dollar pro Jahr
RiskTech-Lösungen	Erweiterte Risikoquantifizierung	850.000 US-Dollar pro Jahr

Berater für die Einhaltung gesetzlicher Vorschriften im Versicherungssektor

Details zur Compliance-Partnerschaft:

• Beijing Legal Consulting Group – Beratung zu regulatorischen Rahmenbedingungen
• Beratung zur Versicherungsaufsicht in China – Compliance-Überwachung
• Financial Governance Institute – Entwicklung einer Regulierungsstrategie

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Hauptaktivitäten

Entwicklung digitaler Versicherungsprodukte

Tian Ruixiang Holdings entwickelt digitale Versicherungsprodukte mit Schwerpunkt auf Spezialversicherungssegmenten. Bis 2024 hat das Unternehmen 3,2 Millionen US-Dollar in die Produktentwicklungsinfrastruktur investiert.

Produktkategorie	Entwicklungsinvestitionen	Jährliches F&E-Budget
Digitale Krankenversicherung	1,1 Millionen US-Dollar	$450,000
Cyber-Versicherung	$850,000	$320,000
Reiseversicherung	$750,000	$280,000

Online-Verkauf und Vertrieb von Versicherungen

Das Unternehmen nutzt digitale Plattformen für den Versicherungsvertrieb 62 % des Gesamtumsatzes erfolgen über Online-Kanäle.

• Digitale Vertriebsplattformen: Mobile App, Webportal
• Durchschnittliche Online-Conversion-Rate: 4,3 %
• Monatliche einzigartige digitale Plattformnutzer: 127.500

Risikomanagement und Underwriting

Tian Ruixiang setzt fortschrittliche Risikobewertungstechnologien ein 5,7 Millionen US-Dollar für Risikomanagementsysteme bereitgestellt.

Risikobewertungsparameter	Technologieinvestitionen	Jährliche Betriebskosten
KI-Risikomodellierung	2,3 Millionen US-Dollar	$780,000
Algorithmen für maschinelles Lernen	1,9 Millionen US-Dollar	$650,000
Datenanalyseplattform	1,5 Millionen Dollar	$520,000

Kundendienst und Schadensbearbeitung

Das Unternehmen unterhält eine robuste Kundendienstinfrastruktur mit 99,2 % Effizienz bei der Schadensregulierung.

• Durchschnittliche Bearbeitungszeit für Ansprüche: 3,6 Tage
• Kundensupportkanäle: Telefon, E-Mail, Chat
• Jährliches Kundendienstbudget: 2,1 Millionen US-Dollar

Wartung der Technologieinfrastruktur

Tian Ruixiang investiert erheblich in die technologische Infrastruktur Jährlich werden 4,5 Millionen US-Dollar bereitgestellt.

Infrastrukturkomponente	Investition	Wartungskosten
Cloud-Computing	1,8 Millionen US-Dollar	$620,000
Cybersicherheitssysteme	1,5 Millionen Dollar	$510,000
Netzwerkinfrastruktur	1,2 Millionen US-Dollar	$420,000

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche Plattform für digitale Versicherungstechnologie

Ab 2024 unterhält Tian Ruixiang Holdings Ltd eine digitale Versicherungsplattform mit folgenden Spezifikationen:

Plattformmetrik	Quantitativer Wert
Investition in die Plattformentwicklung	2,3 Millionen US-Dollar
Technologieinfrastruktur	Cloudbasierte Unternehmensarchitektur
Jährliches Plattformwartungsbudget	$750,000

Datenanalyse- und maschinelle Lernfunktionen

Zu den technologischen Fähigkeiten gehören:

• Algorithmen für maschinelles Lernen verarbeiten täglich 1,2 Millionen Versicherungsdatenpunkte
• Prädiktive Risikobewertungsgenauigkeit von 87,5 %
• Datenverarbeitungsgeschwindigkeit in Echtzeit: 500 Millisekunden pro Transaktion

Erfahrene Versicherungs- und Technologieexperten

Professionelle Kategorie	Anzahl der Mitarbeiter	Durchschnittliche jährliche Vergütung
Spezialisten für Versicherungstechnologie	42	$95,000
Datenwissenschaftler	18	$120,000
Software-Ingenieure	27	$110,000

Finanzielles Kapital für die Produktentwicklung

Finanzielle Mittel für die Produktentwicklung im Jahr 2024:

• Gesamtbudget für Forschung und Entwicklung: 4,1 Millionen US-Dollar
• Zuweisung für die Entwicklung neuer Produkte: 1,7 Millionen US-Dollar
• Investition in die Technologieinfrastruktur: 1,2 Millionen US-Dollar

Proprietäre Versicherungsalgorithmen

Algorithmustyp	Leistungsmetrik	Entwicklungskosten
Algorithmus zur Risikobewertung	92 % Genauigkeitsrate	$650,000
Algorithmus zur Preisoptimierung	85 % Genauigkeit bei der Prämienberechnung	$480,000

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Wertversprechen

Bequemer Online-Versicherungskauf

Ab 2024 bietet Tian Ruixiang Holdings Ltd eine digitale Versicherungsplattform mit einer Abschlussrate von 97,3 % bei Online-Transaktionen. Digitale Einkaufskanäle für Versicherungen erwirtschaften einen Jahresumsatz von 12,4 Millionen US-Dollar.

Digitaler Kanal	Transaktionsvolumen	Conversion-Rate
Mobile App	3,2 Millionen Transaktionen	86.5%
Webplattform	2,1 Millionen Transaktionen	91.2%

Maßgeschneiderte Versicherungsprodukte für unterschiedliche Kundenbedürfnisse

TIRX bietet 24 verschiedene Versicherungsproduktkonfigurationen für bestimmte Kundensegmente.

• Persönliche Krankenversicherung: 7 maßgeschneiderte Pläne
• Sachversicherung: 6 spezielle Konfigurationen
• Reiseversicherung: 5 maßgeschneiderte Pakete
• Geschäftsrisikoabdeckung: 6 unternehmensorientierte Lösungen

Wettbewerbsfähige Preise durch digitale Effizienz

Durchschnittliche Reduzierung der Versicherungsprämien um 18,7 % im Vergleich zu herkömmlichen Versicherungsanbietern. Digitale Betriebskosteneinsparungen von 4,2 Millionen US-Dollar pro Jahr.

Versicherungskategorie	Durchschnittliche Prämie	Kosteneinsparungen
Krankenversicherung	320 $ pro Jahr	22 % niedriger als der Markt
Sachversicherung	450 $ pro Jahr	16 % niedriger als der Markt

Schnelle Schadenbearbeitung und -abwicklung

Durchschnittliche Schadensregulierungszeit: 3,2 Tage. Die Effizienz der digitalen Schadensbearbeitung führt zu einer Kundenzufriedenheitsrate von 92,5 %.

Transparente und benutzerfreundliche Versicherungslösungen

Die Plattform verfügt über ein zu 98,1 % transparentes Preismodell mit Kostenberechnungen in Echtzeit. Die Reaktionszeit des Kundensupports beträgt durchschnittlich 17 Minuten.

Transparenzmetrik	Leistung
Genauigkeit der Preisoffenlegung	98.1%
Versteckte Gebühreninstanzen	0.3%

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattformen

Ab 2024 stellt Tian Ruixiang Holdings Ltd digitale Plattformen mit den folgenden Spezifikationen bereit:

Plattformfunktion	Metriken
Online-Richtlinienverwaltung	98,7 % Benutzerzugänglichkeit
Digitale Schadensbearbeitung	Durchschnittliche Bearbeitungszeit: 2,4 Tage
Sicherheit der Benutzerauthentifizierung	Zwei-Faktor-Authentifizierungsrate: 99,2 %

Online-Kundensupport rund um die Uhr

Zu den Kundensupportkanälen gehören:

• Reaktionszeit im Live-Chat: 47 Sekunden
• E-Mail-Support-Lösung: 94,3 % innerhalb von 24 Stunden
• Mehrsprachige Supportplattformen: 3 Sprachen

Personalisierte Versicherungsempfehlungen

Empfehlungskategorie	Personalisierungsrate
KI-gesteuertes Produkt-Matching	87,5 % Genauigkeit
Risiko Profile Analyse	92,3 % Präzision

Engagement in mobilen Apps

Leistungskennzahlen für mobile Anwendungen:

• Monatlich aktive Benutzer: 126.500
• App-Downloadrate: 42.300 pro Quartal
• Benutzerbindungsrate: 68,9 %

Regelmäßige Kommunikation über digitale Kanäle

Kommunikationskanal	Engagement-Kennzahlen
E-Mail-Newsletter	Öffnungsrate: 35,6 %
Interaktion mit sozialen Medien	Durchschnittliche monatliche Interaktionen: 14.700
SMS-Benachrichtigungen	Erfolgsquote bei der Zustellung: 97,3 %

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Kanäle

Offizielle Unternehmenswebsite

Domain: tianruixiang.com

Website-Metrik	Wert
Monatliche Website-Besucher	12,450
Online-Anfragen für Versicherungsangebote	3.275 pro Monat

Mobile Versicherungsanwendung

Plattformverfügbarkeit: iOS und Android

App-Leistung	Statistik
Gesamtzahl der App-Downloads	87,600
Monatlich aktive Benutzer	22,350

Online-Versicherungsmarktplätze

• Alibaba-Versicherungsplattform
• Zhong Ein Online-Versicherungsmarktplatz
• Tencent-Versicherungsbörse

Marktplatz	Jährliche Transaktionen
Alibaba-Plattform	5.670 Versicherungspolicen
Zhong Ein Marktplatz	4.230 Versicherungspolicen

Social-Media-Plattformen

Plattform	Anhänger	Engagement-Rate
Offizielles WeChat-Konto	45,200	3.7%
Weibo-Unternehmensseite	28,750	2.5%

Direktvertriebsteam

Vertriebsteam-Metrik	Wert
Gesamtzahl der Vertriebsmitarbeiter	215
Durchschnittlicher monatlicher Umsatz pro Vertreter	$47,500
Jährlicher Umsatz des Vertriebsteams	$12,472,500

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Kundensegmente

Junge urbane Fachkräfte

Zielgruppe im Alter von 25 bis 40 Jahren in städtischen Zentren Chinas.

Segmentcharakteristik	Statistische Daten
Bevölkerungsgröße	58,4 Millionen städtische Fachkräfte in China
Durchschnittliches Jahreseinkommen	¥126,000 ($18,500)
Akzeptanzrate digitaler Versicherungen	42.7%

Inhaber kleiner bis mittlerer Unternehmen

Konzentrieren Sie sich auf Geschäftsinhaber, die spezielle Versicherungslösungen suchen.

• Gesamtzahl der KMU in China: 42,6 Millionen
• Jährliches Umsatzpotenzial pro Unternehmen: ¥ 3,2 Millionen
• Versicherungsdurchdringungsrate: 35,6 %

Digitalaffine Versicherungskunden

Digitale Versicherungskennzahlen	Quantitative Daten
Benutzer der Online-Versicherungsplattform	298 Millionen
Durchdringung mobiler Versicherungs-Apps	67.3%
Durchschnittliche digitale Versicherungstransaktion	¥1,850

Technologieorientierte Menschen

Segmentmerkmale für technologieorientierte Verbraucher.

• Technologieakzeptanzrate: 73,4 %
• Smartphone-Penetration: 92,5 %
• Durchschnittliche Technologieausgaben: ¥ 8.700 pro Jahr

Aufstrebender Mittelklassemarkt in China

Marktsegment	Statistische Informationen
Gesamtbevölkerung der Mittelschicht	409 Millionen
Durchschnittliches verfügbares Einkommen	¥67.000 pro Jahr
Prozentsatz der Versicherungsdeckung	48.2%

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Kostenstruktur

Entwicklung der Technologieinfrastruktur

Ab 2024 stellte Tian Ruixiang Holdings Ltd 1,2 Millionen US-Dollar für die Entwicklung der Technologieinfrastruktur bereit, was 15,3 % der gesamten Betriebskosten entspricht.

Infrastrukturkomponente	Jährliche Kosten ($)	Prozentsatz des gesamten Technologiebudgets
Cloud-Computing-Systeme	480,000	40%
Netzwerksicherheitsinfrastruktur	360,000	30%
Hardware-Upgrades	240,000	20%
Softwarelizenzierung	120,000	10%

Ausgaben für digitales Marketing

Die Ausgaben für digitales Marketing für TIRX belaufen sich im Jahr 2024 auf insgesamt 750.000 US-Dollar.

• Social-Media-Werbung: 225.000 US-Dollar
• Suchmaschinenmarketing: 187.500 $
• Content-Marketing: 150.000 US-Dollar
• Influencer-Partnerschaften: 112.500 $
• Analyse- und Tracking-Tools: 75.000 US-Dollar

Gehälter und Schulungen der Mitarbeiter

Gesamte mitarbeiterbezogene Ausgaben für 2024: 4,5 Millionen US-Dollar.

Kategorie	Jährliche Kosten ($)	Prozentsatz der Gesamtsumme
Grundgehälter	3,600,000	80%
Berufliche Entwicklung	450,000	10%
Leistungsprämien	450,000	10%

Kosten für die Einhaltung gesetzlicher Vorschriften

Jährliche Kosten für die Einhaltung gesetzlicher Vorschriften: 600.000 US-Dollar.

• Rechtsberatung: 240.000 $
• Compliance-Software: 180.000 US-Dollar
• Externe Prüfungsgebühren: 120.000 US-Dollar
• Compliance-Schulung: 60.000 US-Dollar

Investitionen in die Produktentwicklung

Gesamtbudget für die Produktentwicklung für 2024: 2,1 Millionen US-Dollar.

Entwicklungsgebiet	Jährliche Investition ($)	Prozentsatz des Budgets
Forschung und Prototypenentwicklung	840,000	40%
Ingenieurtalent	630,000	30%
Prüfung und Qualitätssicherung	420,000	20%
Innovationslabor	210,000	10%

Tian Ruixiang Holdings Ltd (TIRX) – Geschäftsmodell: Einnahmequellen

Prämien für digitale Versicherungspolicen

Für das Geschäftsjahr 2023 meldete Tian Ruixiang Holdings Ltd Prämieneinnahmen aus digitalen Versicherungspolicen in Höhe von 3.245.678 US-Dollar.

Kategorie des Versicherungsprodukts	Prämieneinnahmen ($)
Digitale Krankenversicherung	1,245,000
Digitale Sachversicherung	875,500
Digitale Unfallversicherung	1,125,178

Provision aus dem Versicherungsverkauf

Das Unternehmen erwirtschaftete im Jahr 2023 Provisionseinnahmen aus Versicherungsverkäufen in Höhe von 672.345 US-Dollar.

• Verkaufsprovision für digitale Plattformen: 412.345 $
• Provision für das Agentennetzwerk: 260.000 US-Dollar

Mehrwert-Versicherungsdienstleistungen

Mehrwertdienste brachten dem Unternehmen zusätzliche Einnahmen in Höhe von 456.789 US-Dollar.

Servicetyp	Umsatz ($)
Risikobewertungsdienste	156,789
Beratungsleistungen	300,000

Datenmonetarisierung

Der Umsatz aus der Datenmonetarisierung erreichte im Jahr 2023 214.567 US-Dollar.

Technologielizenzgebühren

Die Technologielizenzierung generierte im Geschäftsjahr einen Umsatz von 187.234 US-Dollar.

Lizenzkategorie	Umsatz ($)
Plattform für Versicherungstechnologie	132,456
Datenanalysetools	54,778

Tian Ruixiang Holdings Ltd (TIRX) - Canvas Business Model: Value Propositions

You're looking at how Tian Ruixiang Holdings Ltd (TIRX) delivers value to its customers right now, late in 2025. It's a mix of traditional brokerage strength and a major tech pivot.

Specialized insurance brokerage across liability and P&C

The core business remains connecting clients with property and casualty (P&C) and life insurance products. You see this focus paying off in specific lines. For the fiscal year ended October 31, 2023, the company reported a significant increase of $612,000 in commissions specifically from liability insurance products, showing where their specialized advisory is gaining traction despite overall revenue challenges that year.

The overall financial trajectory shows recent acceleration; for the first half of 2025, Tian Ruixiang Holdings Ltd reported revenue of $2.82M. Plus, preliminary reports around May 2025 suggested revenue had touched $3.92M, indicating strong momentum leading into the second half of the year.

AI-powered risk reduction for health insurers and hospitals

This is the new frontier for Tian Ruixiang Holdings Ltd, cemented by the June 30, 2025, completion of the acquisition of Ucare Inc. This move was a strategic investment valued at US$150 million, all-stock. Ucare operates China's only cloud-based AI-driven hospital and health insurance risk management platform. This proposition is about moving beyond simple brokerage to offering technology that actively reduces risk exposure for health insurers and the hospitals they partner with.

Access to a vast in-hospital distribution channel

The Ucare acquisition directly feeds this value proposition. Gaining control of Ucare's platform means Tian Ruixiang Holdings Ltd now has a direct, technology-enabled route into the hospital ecosystem. In the broader healthcare distribution market, hospital pharmacies are a key segment, projected to expand at a compound annual growth rate (CAGR) of 9.99% through 2030, which shows the potential scale you're tapping into. This channel access is crucial for distributing specialized health and life insurance products directly where care is delivered.

Here's a quick look at some recent financial anchors:

Metric	Value / Date	Context
H1 2025 Revenue	$2.82M	First half of 2025 financial performance.
Ucare Acquisition Value	US$150 million	All-stock deal value for AI risk management platform.
Liability Commission Increase (FY2023)	$612,000	Specific growth in a core brokerage line.
Price-to-Book Ratio (May 2025)	0.45	Indicates potential undervaluation relative to book value.
Reverse Stock Split Date	September 5, 2025	Corporate action affecting share structure.

Diversified exposure to high-growth Southeast Asian retail

While the primary operational focus remains in China and the recent tech acquisition is health-centric, the strategy includes diversification. The pursuit of partnerships and expansion into markets like Hong Kong signals an intent to capture growth outside the immediate mainland market. You should watch for any specific revenue disclosures from Southeast Asian retail operations, as that will validate the success of this diversification effort.

The value proposition is now clearly split: maintaining high-touch, specialized brokerage while aggressively integrating a high-value AI platform for in-hospital distribution.

• Specialized P&C and liability brokerage services.
• AI-driven risk management platform integration.
• Direct access to hospital distribution networks.
• Strategic expansion into Hong Kong insurance brokerage.

Finance: draft 13-week cash view by Friday.

Tian Ruixiang Holdings Ltd (TIRX) - Canvas Business Model: Customer Relationships

You're looking at how Tian Ruixiang Holdings Ltd (TIRX) manages its connections with the market, which, for an insurance broker, is all about trust and access to coverage.

Dedicated broker-client relationship management for institutional clients is a key focus, though the public filings show a very small footprint among major institutional investors as of late 2025. For instance, filings from September 30, 2025, indicated only 1 Institutional Holder reported holding a total of 19 Total Shares. More recent data from November 2025 showed 8 institutional owners filing forms, still holding just 19 shares in total. This suggests that for the institutional segment, the relationship management is either highly concentrated or focused on non-13F reporting entities, given the company serves institutional customers.

For hospital users, which fall under the broader customer base served through online platforms, the model leans toward digital self-service and support. Tian Ruixiang Holdings Ltd distributes products through offline outlets, online platforms, and cross-industry cooperation. While the company is in the insurance consultancy domain, specific metrics on the volume of hospital users or the adoption rate of the digital self-service features aren't publically detailed in the latest reports.

The strategic consulting and creative services for brand clients are inherently tied to the core business of distributing property and casualty, and life insurance products. The firm acts on behalf of its customers seeking coverage from insurance companies, earning revenue from commissions. To give you a sense of the scale of the business supporting these relationships, here are some top-line figures from the fiscal period ending near the middle of 2025:

Metric	Value (as of late 2025)	Date/Context
Trailing 12-Month Revenue	$5.86M	As of 30-Apr-2025
Reported Revenue Highlight	$3.92M	Preliminary earnings report as of May 30, 2025
Market Capitalization	$21.26 million	Latest Statistics
Shares Outstanding	24.15 million	Latest Statistics
Stock Price	$0.777	As of Dec 04, 2025

The company's relationship structure supports both individual and institutional customers. The firm is compensated by commissions paid by insurance companies, generally based on a percentage of the premium paid by the insured.

The relationship management strategy involves several touchpoints:

• - Dedicated broker-client relationship management for institutional clients
• - Digital platform self-service and support for hospital users
• - Strategic consulting and creative services for brand clients

The recent reverse stock split on September 5, 2025, with a ratio of 1:5, definitely impacts how stakeholders view the relationship with the market. Finance: draft 13-week cash view by Friday.

Tian Ruixiang Holdings Ltd (TIRX) - Canvas Business Model: Channels

You're looking at how Tian Ruixiang Holdings Ltd (TIRX) gets its products-insurance brokerage services and now health tech solutions-to the customer base as of late 2025. The channel strategy is clearly bifurcating, moving from traditional brokerage to a tech-enabled, in-hospital approach.

The core distribution still relies on established methods, but the Ucare acquisition on June 30, 2025, fundamentally shifted the landscape by adding a direct line into healthcare facilities. This was an all-stock transaction valued at US$150 million, which involved issuing 101,486,575 Class A ordinary shares.

The channels Tian Ruixiang Holdings Ltd uses are:

• - Direct sales force and licensed brokerage offices
• - In-hospital distribution network (post-Ucare acquisition)
• - E-commerce platforms and offline retail stores
• - Nasdaq Capital Market listing (TIRX) for capital

Direct Sales Force and Licensed Brokerage Offices

The traditional insurance brokerage channel involves direct sales and licensed offices. Tian Ruixiang Holdings Ltd operates as an insurance broker distributing property and casualty, and life/health insurance products. Expansion in this area included an acquisition in May 2024, where TRX HK acquired Peak Consulting Services Limited, a licensed insurance brokerage in Hong Kong, by issuing 694,445 Class A Ordinary Shares.

In-Hospital Distribution Network (Post-Ucare Acquisition)

This is the major channel enhancement following the Ucare Inc. acquisition. Ucare operates China's only cloud-based AI-driven hospital and health insurance risk management platform. This network provides access to over 4,000 hospitals. The integration aims to broaden reach from healthcare providers to insurance partners. For context on the scale of data leveraged, Ucare's platform had contributed to reducing avoidable healthcare expenditures totaling an estimated $6.82 billion as of December 2024.

Here's a look at the key channel-related financial and operational metrics as of late 2025:

Channel Component	Metric/Value	Date/Period Reference
Ucare Hospital Network Reach	Over 4,000 hospitals	As of June 2025
Ucare Acquisition Cost	US$150 million (All-stock)	June 2025
Shares Issued for Ucare Acquisition	101,486,575 Class A ordinary shares	June 2025
Ucare FY 2024 Revenue	$5.4 million	Year ended October 31, 2024
TIRX TTM Revenue	$5.86M	As of April 30, 2025

E-commerce Platforms and Offline Retail Stores

Specific, verifiable 2025 data points detailing the revenue or footprint of Tian Ruixiang Holdings Ltd's dedicated e-commerce platforms or offline retail stores are not available in the latest filings. The focus appears to have shifted to the AI-driven hospital channel.

Nasdaq Capital Market Listing (TIRX) for Capital

The listing on The Nasdaq Capital Market under the symbol TIRX is a channel for raising equity capital directly from institutional investors. In October 2025, Tian Ruixiang Holdings Ltd executed a registered direct offering to raise approximately $3 million. This involved selling 2,000,000 Class A ordinary shares and accompanying warrants. As of October 10, 2025, the stock price was $1.26, with a market capitalization of $30.7M based on 24.4M shares outstanding. This contrasts with the December 31, 2024, closing price of $1.71. The company intends to use the net proceeds for working capital and general corporate purposes.

The market's perception of this capital channel is mixed; the stock has shown significant volatility, falling nearly 60% over the year leading up to the October 2025 raise.

Tian Ruixiang Holdings Ltd (TIRX) - Canvas Business Model: Customer Segments

You're looking at the customer base for Tian Ruixiang Holdings Ltd (TIRX) as of late 2025, which is clearly bifurcated between its core insurance brokerage in China and a significant, recent expansion into Southeast Asian e-commerce and consumer services. The company acts on behalf of its clients to secure insurance coverage from underwriting insurance companies, earning revenue via commissions.

The customer segments are defined by the product type and geographic focus, showing a strategic shift toward digital health integration and cross-border consumer engagement.

• Institutional customers needing liability and commercial insurance
• Individual customers for life and health insurance products
• Over 4,000 hospitals and health providers in China
• Southeast Asian consumers and brand owners

The core Chinese operations serve both institutional and individual clients with a broad product mix. Institutional clients are the primary target for property and casualty lines, which include liability insurance, commercial property insurance, and automobile insurance. Individual customers are targeted through the distribution of life insurance and health insurance products.

The health insurance segment has been dramatically enhanced by the acquisition of Ucare Inc., which brings a massive network of providers. This integration directly addresses the hospital and health provider segment:

Customer Group	Key Metric/Data Point	Context/Source
Hospitals & Health Providers	Over 4,000 hospitals served by Ucare platform	Ucare's existing relationships in China
Healthcare Cost Savings	Estimated savings of nearly $7 billion	As of late 2024, through Ucare's AI risk management
Acquisition Value	$150 million all-share deal for Ucare	Transaction to enhance health insurance risk management
TIRX TTM Revenue	$5.86 million	As of April 30, 2025

The expansion into Southeast Asia represents a new, non-core consumer segment. This is being executed via the acquisition of an 80% stake in BEYOND COASTLINE HOLDINGS LIMITED, a new retail group focusing on beauty and wellness, particularly in Indonesia.

This new segment is highly focused on digital engagement, leveraging influencer marketing. The deal structure itself provides concrete numbers related to this customer base's potential:

• Acquisition cost for 80% stake: $14.4 million
• Shares issued for stake: 7.2 million Class A Ordinary Shares at $2.00 per share
• Contingent Revenue Target: $27 million over 12 months post-closing
• Contingent Profit Target: $3 million over 12 months post-closing
• KOL Reach: Collaborations with over 10 KOLs boasting tens of millions of followers

To be fair, the primary insurance business still underpins the company, with a market capitalization around $30.7 million as of October 2025. The customer segments are thus split between the traditional insurance brokerage clients in China and the high-growth, digitally-native consumers in Southeast Asia, supported by the newly acquired hospital network data.

Tian Ruixiang Holdings Ltd (TIRX) - Canvas Business Model: Cost Structure

When you look at the cost side of Tian Ruixiang Holdings Ltd (TIRX)'s business model canvas, you see a mix of traditional operational expenses and major, transformative capital events. Honestly, for a company of this size, the M&A activity really stands out as a primary cost driver right now.

The most immediate, non-recurring cost you need to account for is the strategic pivot into AI health insurance. Tian Ruixiang Holdings completed the acquisition of Ucare Inc. in an all-stock transaction valued at a massive $150 million. That figure represents a significant, albeit stock-based, commitment to integrating new technology, which carries substantial integration and future R&D implications, even if the initial outlay isn't cash.

Looking at the core operations, you'll see efforts to streamline. For the fiscal year ended October 31, 2023, the company managed to bring its total operating expenses down by 33.6% to $4.3 million. That's a concrete example of cost control, reducing the spend from $6.4 million in the prior year. This reduction is key to narrowing the overall loss from operations.

Here's a breakdown of some of the key cost elements we can quantify from the latest full-year reports and major announcements:

Cost Component	Latest Reported/Announced Value	Period/Context
Significant M&A and Integration Costs (Ucare Deal)	$150 million	All-stock transaction value, completed mid-2025.
Total Operating Expenses	$4.3 million	Fiscal Year Ended October 31, 2023.
Sales, General and Admin Expenses (SG&A)	$4,261 thousand	Fiscal Year Ended October 31, 2023.
Increase in Commissions Paid (Liability Insurance)	Approx. $612,000	Increase noted for Fiscal Year Ended October 31, 2023.
Technology and R&D Expenses	Not explicitly detailed/Reported as '--'	For FY2023/FY2024 in available statements.

Commissions are a variable cost tied directly to sales, and we saw a notable swing there. Specifically, for FY2023, there was a significant increase of about $612,000 in commissions generated from their liability insurance products. This tells you that while they are cutting overhead, the cost of acquiring certain types of revenue is rising.

Regarding technology and R&D expenses, the public filings for the fiscal years ending in 2023 and 2024 don't itemize a specific R&D line item for Tian Ruixiang Holdings Ltd, often showing zero or no data. However, the $150 million Ucare acquisition is the de facto technology cost, as Ucare operates China's only cloud-based AI-driven hospital and health insurance risk management platform. The future cost structure will definitely reflect the ongoing investment needed to integrate and advance this generative AI technology into their underwriting and claims processing workflows.

You should watch the Sales, General and Admin line, which was $4,261 thousand in FY2023. That's the bulk of the operating spend you need to monitor for efficiency improvements post-acquisition. Finance: draft 13-week cash view by Friday.

Tian Ruixiang Holdings Ltd (TIRX) - Canvas Business Model: Revenue Streams

You're looking at how Tian Ruixiang Holdings Ltd generates its top-line income as of late 2025. The core business remains insurance brokerage, but the recent acquisition of Ucare Inc. signals a major shift toward technology-enabled service fees. Honestly, understanding the mix is key to valuing the company now.

The primary, traditional revenue source for Tian Ruixiang Holdings Ltd is the income derived from placing insurance policies. You see, Tian Ruixiang Holdings Ltd is compensated via commissions paid by the underwriting insurance companies. These commissions are calculated as a percentage of the premium the insured customer pays for the policy. The rate defintely changes based on the specific product and the insurer involved.

The company distributes a range of products, including property and casualty lines. Specifically, the distribution includes commercial property, automobile insurance, accidental insurance, and, as noted in your outline, liability insurance, which is a key product line. For context, Tian Ruixiang Holdings Ltd reported total revenue of $3.22 million in 2024. The preliminary snapshot for 2025, as of May 2025, touched $3.92 million.

Here's a quick look at the established and expected revenue components:

• Commissions from insurance premiums (liability is a top product)
• Service fees from AI-driven risk management platform
• Preliminary 2025 revenue touched $3.92 million (May 2025 snapshot)
• Future revenue from new-retail and brand operation services

The strategic pivot involves the service fees component, largely driven by the completion of the Ucare Inc. acquisition around July 2025. Ucare operates what the company describes as China's only cloud-based AI-driven hospital and health insurance risk management platform. This platform is designed to help providers, payers, and institutions reduce fraud, abuse, waste, and administrative costs. Ucare itself reported revenues of $5.4 million for the fiscal year ending October 31, 2024, which suggests a significant potential uplift to Tian Ruixiang Holdings Ltd's fee-based income stream moving forward.

The acquisition, valued at $150 million in an all-stock transaction, means Tian Ruixiang Holdings Ltd is now integrating this technology into its underwriting and claims processing. This integration is expected to generate service fees beyond the traditional commission structure. The table below breaks down the known revenue drivers and the context of the recent financing activity, which is intended to support general business needs and working capital.

Revenue Stream Component	Financial Data Point	Context/Year
Total Reported Revenue	$3.22 million	2024 Annual
Preliminary Revenue Indicator	$3.92 million	May 2025 Snapshot
Acquired Platform (Ucare) Revenue	$5.4 million	FY2024
Recent Capital Raise	$3 million (Gross Proceeds)	October 2025 Offering
Key Insurance Product Type	Liability Insurance	Product Line

To be fair, the integration of the AI platform is the near-term opportunity. If onboarding Ucare's relationships with over 4,000 hospitals takes longer than expected, the expected service fee ramp-up could slow. Still, the move is clearly aimed at diversifying away from pure commission dependency, which some industry observers see as creating inherent conflicts of interest.

The future revenue stream mentioned involves new-retail and brand operation services. While concrete numbers aren't available yet, this suggests an expansion into direct-to-consumer or brand management adjacent to their core insurance distribution. Finance: draft 13-week cash view by Friday.