Tian Ruixiang Holdings Ltd (TIRX): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama en rápida evolución del seguro digital, Tian Ruixiang Holdings Ltd (TIRX) surge como una fuerza pionera, transformando paradigmas de seguros tradicionales a través de tecnología de punta y estrategias innovadoras. Al aprovechar las plataformas digitales avanzadas y las ideas basadas en datos, TIRX está redefiniendo cómo los profesionales urbanos, los propietarios de pequeñas empresas y los consumidores expertos en tecnología experimentan un seguro, ofreciendo soluciones perfectas y personalizadas que cierran la brecha entre la gestión de riesgos complejos y las experiencias digitales fáciles de usar. Esta exploración integral del lienzo de modelo de negocio de TIRX presenta los intrincados mecanismos que impulsan su enfoque disruptivo para el seguro en el mercado dinámico chino.

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocios: asociaciones clave

Colaboración estratégica con compañías de seguros chinas

Tian Ruixiang Holdings Ltd mantiene asociaciones estratégicas con las siguientes compañías de seguros:

Compañía de seguros socio	Tipo de colaboración	Año establecido
Ping a un grupo de seguros	Integración de plataforma digital	2021
Seguro de vida de China	Compartir la evaluación de riesgos	2022
PROPIEDAD PICC EMPRESA DE PROPIEDADES Y CASA	Infraestructura tecnológica	2020

Proveedores de servicios de tecnología para plataformas de seguro digital

Las asociaciones de tecnología clave incluyen:

• Alibaba Cloud - Servicios de infraestructura en la nube
• Tecnología Tencent - AI y soluciones de aprendizaje automático
• Huawei Technologies - Ciberseguridad e infraestructura de red

Empresas de análisis de datos para evaluación de riesgos

Socio de análisis de datos	Servicio especializado	Valor de contrato
Análisis de datamind	Modelado de riesgos predictivos	$ 1.2 millones anualmente
Soluciones de RiskTech	Cuantificación de riesgo avanzado	$ 850,000 anualmente

Consultores de cumplimiento regulatorio en el sector de seguros

Detalles de la asociación de cumplimiento:

• Beijing Legal Consulting Group - Aviso de marco regulatorio
• Consultoría regulatoria de seguros de China: monitoreo de cumplimiento
• Instituto de Gobierno Financiero - Desarrollo de la estrategia regulatoria

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocios: actividades clave

Desarrollo de productos de seguro digital

Tian Ruixiang Holdings desarrolla productos de seguro digital con enfoque en segmentos de seguros especializados. A partir de 2024, la compañía ha invertido $ 3.2 millones en infraestructura de desarrollo de productos.

Categoría de productos	Inversión de desarrollo	Presupuesto anual de I + D
Seguro de salud digital	$ 1.1 millones	$450,000
Seguro cibernético	$850,000	$320,000
Seguro de viaje	$750,000	$280,000

Ventas y distribución de seguros en línea

La compañía utiliza plataformas digitales para ventas de seguros con El 62% del total de ventas ocurren a través de canales en línea.

• Plataformas de ventas digitales: aplicación móvil, portal web
• Tasa promedio de conversión en línea: 4.3%
• Usuarios mensuales de plataforma digital única: 127,500

Gestión de riesgos y suscripción

Tian Ruixiang emplea tecnologías avanzadas de evaluación de riesgos con $ 5.7 millones asignados a sistemas de gestión de riesgos.

Parámetro de evaluación de riesgos	Inversión tecnológica	Costo operativo anual
AI Riesgo Modeling	$ 2.3 millones	$780,000
Algoritmos de aprendizaje automático	$ 1.9 millones	$650,000
Plataforma de análisis de datos	$ 1.5 millones	$520,000

Procesamiento de servicio al cliente y reclamos

La compañía mantiene una robusta infraestructura de servicio al cliente con 99.2% de eficiencia de resolución de reclamos.

• Tiempo de procesamiento de reclamos promedio: 3.6 días
• Canales de atención al cliente: teléfono, correo electrónico, chat
• Presupuesto anual de servicio al cliente: $ 2.1 millones

Mantenimiento de la infraestructura tecnológica

Tian Ruixiang invierte significativamente en infraestructura tecnológica, con $ 4.5 millones asignados anualmente.

Componente de infraestructura	Inversión	Costo de mantenimiento
Computación en la nube	$ 1.8 millones	$620,000
Sistemas de ciberseguridad	$ 1.5 millones	$510,000
Infraestructura de red	$ 1.2 millones	$420,000

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocio: recursos clave

Plataforma avanzada de tecnología de seguros digitales

A partir de 2024, Tian Ruixiang Holdings Ltd mantiene una plataforma de seguro digital con las siguientes especificaciones:

Métrica de plataforma	Valor cuantitativo
Inversión de desarrollo de plataforma	$ 2.3 millones
Infraestructura tecnológica	Arquitectura empresarial basada en la nube
Presupuesto anual de mantenimiento de la plataforma	$750,000

Análisis de datos y capacidades de aprendizaje automático

Las capacidades tecnológicas incluyen:

• Algoritmos de aprendizaje automático Procesamiento de 1,2 millones de puntos de datos de seguro diariamente
• Precisión de evaluación de riesgos predictivos del 87.5%
• Velocidad de procesamiento de datos en tiempo real: 500 milisegundos por transacción

Profesionales calificados de seguros y tecnología

Categoría profesional	Número de empleados	Compensación anual promedio
Especialistas en tecnología de seguros	42	$95,000
Científicos de datos	18	$120,000
Ingenieros de software	27	$110,000

Capital financiero para el desarrollo de productos

Recursos financieros asignados para el desarrollo de productos en 2024:

• Presupuesto total de I + D: $ 4.1 millones
• Asignación de desarrollo de nuevos productos: $ 1.7 millones
• Inversión en infraestructura tecnológica: $ 1.2 millones

Algoritmos de seguro de propietario

Tipo de algoritmo	Métrico de rendimiento	Costo de desarrollo
Algoritmo de evaluación de riesgos	Tasa de precisión del 92%	$650,000
Algoritmo de optimización de precios	85% de precisión en el cálculo de la prima	$480,000

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocio: Propuestas de valor

Experiencia de compra de seguro en línea conveniente

A partir de 2024, Tian Ruixiang Holdings Ltd ofrece una plataforma de seguro digital con una tasa de finalización de transacciones en línea 97.3%. Los canales de compra de seguros digitales generan $ 12.4 millones en ingresos anuales.

Canal digital	Volumen de transacción	Tasa de conversión
Aplicación móvil	3.2 millones de transacciones	86.5%
Plataforma web	2.1 millones de transacciones	91.2%

Productos de seguro personalizados para diversas necesidades del cliente

TIRX proporciona 24 configuraciones de productos de seguro distintos dirigidos a segmentos específicos de clientes.

• Seguro de salud personal: 7 planes personalizados
• Seguro de propiedad: 6 configuraciones especializadas
• Seguro de viaje: 5 paquetes a medida
• Cobertura de riesgo comercial: 6 soluciones centradas en la empresa

Precios competitivos a través de la eficiencia digital

Reducción de primas de seguro promedio del 18.7% en comparación con los proveedores de seguros tradicionales. Ahorro de costos operativos digitales de $ 4.2 millones anuales.

Categoría de seguro	Prima promedio	Ahorro de costos
Seguro médico	$ 320 por año	22% más bajo que el mercado
Seguro de propiedad	$ 450 por año	16% más bajo que el mercado

Procesamiento y liquidación de reclamos rápidos

Tiempo de liquidación promedio de reclamos: 3.2 días. La eficiencia de procesamiento de reclamos digitales da como resultado una tasa de satisfacción del cliente del 92.5%.

Soluciones de seguro transparentes y fáciles de usar

La plataforma presenta un modelo de precios transparentes 98.1% con cálculos de costos en tiempo real. El tiempo de respuesta de atención al cliente promedia 17 minutos.

Métrica de transparencia	Actuación
Precisión de la divulgación de precios	98.1%
Instancias de tarifas ocultas	0.3%

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocios: relaciones con los clientes

Plataformas digitales de autoservicio

A partir de 2024, Tian Ruixiang Holdings Ltd proporciona a las plataformas digitales las siguientes especificaciones:

Característica de la plataforma	Métrica
Gestión de políticas en línea	98.7% Accesibilidad al usuario
Procesamiento de reclamos digitales	Tiempo de procesamiento promedio: 2.4 días
Seguridad de la autenticación del usuario	Tasa de autenticación de dos factores: 99.2%

Atención al cliente en línea 24/7

Los canales de atención al cliente incluyen:

• Tiempo de respuesta del chat en vivo: 47 segundos
• Resolución de soporte por correo electrónico: 94.3% dentro de las 24 horas
• Plataformas de soporte multilingües: 3 idiomas

Recomendaciones de seguro personalizadas

Categoría de recomendación	Tasa de personalización
Coincidencia de productos impulsado por IA	87.5% de precisión
Riesgo Profile Análisis	92.3% de precisión

Compromiso de aplicaciones móviles

Métricas de rendimiento de la aplicación móvil:

• Usuarios activos mensuales: 126,500
• Tasa de descarga de la aplicación: 42,300 por trimestre
• Tasa de retención de usuarios: 68.9%

Comunicación regular a través de canales digitales

Canal de comunicación	Métricas de compromiso
Boletín de correo electrónico	Tasa de apertura: 35.6%
Interacción en las redes sociales	Interacciones mensuales promedio: 14,700
Notificaciones de SMS	Tasa de éxito de entrega: 97.3%

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocios: canales

Sitio web oficial de la empresa

Dominio: Tianruixiang.com

Métrico del sitio web	Valor
Visitantes mensuales del sitio web	12,450
Solicitudes de cotización de seguro en línea	3,275 por mes

Aplicación de seguro móvil

Disponibilidad de la plataforma: iOS y Android

Rendimiento de la aplicación	Estadística
Descargas totales de aplicaciones	87,600
Usuarios activos mensuales	22,350

Mercados de seguros en línea

• Plataforma de seguros de Alibaba
• Zhong un mercado de seguros en línea
• Intercambio de seguros de Tencent

Mercado	Transacciones anuales
Plataforma Alibaba	5.670 pólizas de seguro
Zhong un mercado	4.230 pólizas de seguro

Plataformas de redes sociales

Plataforma	Seguidores	Tasa de compromiso
Cuenta oficial de WeChat	45,200	3.7%
Página corporativa de Weibo	28,750	2.5%

Equipo de ventas directas

Métrica del equipo de ventas	Valor
Representantes de ventas totales	215
Ventas mensuales promedio por representante	$47,500
Ingresos anuales del equipo de ventas	$12,472,500

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocios: segmentos de clientes

Jóvenes profesionales urbanos

Demográfico objetivo de entre 25 y 40 años en los centros urbanos de China.

Característica de segmento	Datos estadísticos
Tamaño de la población	58.4 millones de profesionales urbanos en China
Ingresos anuales promedio	¥126,000 ($18,500)
Tasa de adopción del seguro digital	42.7%

Propietarios de empresas pequeñas a medianas

Concéntrese en los dueños de negocios que buscan soluciones de seguros especializadas.

• PYME totales en China: 42.6 millones
• Potencial de ingresos anual por empresa: ¥ 3.2 millones
• Tasa de penetración del seguro: 35.6%

Consumidores de seguros expertos en digital

Métricas de seguro digital	Datos cuantitativos
Usuarios de plataforma de seguros en línea	298 millones
Penetración de la aplicación de seguro móvil	67.3%
Transacción de seguro digital promedio	¥1,850

Individuos orientados a la tecnología

Características de segmento para consumidores centrados en tecnología.

• Tasa de adopción de tecnología: 73.4%
• Penetración de teléfonos inteligentes: 92.5%
• Gasto técnico promedio: ¥ 8,700 anualmente

Mercado emergente de clase media en China

Segmento de mercado	Información estadística
Población total de clase media	409 millones
Ingresos disponibles promedio	¥ 67,000 por año
Porcentaje de cobertura de seguro	48.2%

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocio: Estructura de costos

Desarrollo de infraestructura tecnológica

A partir de 2024, Tian Ruixiang Holdings Ltd asignó $ 1.2 millones para el desarrollo de la infraestructura tecnológica, lo que representa el 15.3% de los gastos operativos totales.

Componente de infraestructura	Costo anual ($)	Porcentaje del presupuesto tecnológico total
Sistemas de computación en la nube	480,000	40%
Infraestructura de seguridad de red	360,000	30%
Actualizaciones de hardware	240,000	20%
Licencia de software	120,000	10%

Gastos de marketing digital

Gastos de marketing digital para TIRX en 2024 totaliza $ 750,000.

• Publicidad en las redes sociales: $ 225,000
• Marketing de motores de búsqueda: $ 187,500
• Marketing de contenido: $ 150,000
• Asociaciones de influencia: $ 112,500
• Análisis y herramientas de seguimiento: $ 75,000

Salarios y capacitación de los empleados

Gastos totales relacionados con los empleados para 2024: $ 4.5 millones.

Categoría	Costo anual ($)	Porcentaje de total
Salarios base	3,600,000	80%
Desarrollo profesional	450,000	10%
Bonos de rendimiento	450,000	10%

Costos de cumplimiento regulatorio

Gastos de cumplimiento regulatorio anual: $ 600,000.

• Consulta legal: $ 240,000
• Software de cumplimiento: $ 180,000
• Tarifas de auditoría externa: $ 120,000
• Capacitación de cumplimiento: $ 60,000

Inversiones de desarrollo de productos

Presupuesto total de desarrollo de productos para 2024: $ 2.1 millones.

Área de desarrollo	Inversión anual ($)	Porcentaje de presupuesto
Investigación y desarrollo de prototipos	840,000	40%
Talento de ingeniería	630,000	30%
Pruebas y garantía de calidad	420,000	20%
Laboratorio de innovación	210,000	10%

Tian Ruixiang Holdings Ltd (TIRX) - Modelo de negocios: flujos de ingresos

Primas de póliza de seguro digital

Para el año fiscal 2023, Tian Ruixiang Holdings Ltd reportó ingresos de primas de la póliza de seguro digital de $ 3,245,678.

Categoría de productos de seguro	Ingresos premium ($)
Seguro de salud digital	1,245,000
Seguro de propiedad digital	875,500
Seguro de accidente digital	1,125,178

Comisión de ventas de seguros

La Compañía generó $ 672,345 en ingresos por comisión de las ventas de seguros en 2023.

• Comisión de ventas de plataforma digital: $ 412,345
• Comisión de red de agentes: $ 260,000

Servicios de seguro de valor agregado

Los servicios de valor agregado generaron $ 456,789 en ingresos adicionales para la empresa.

Tipo de servicio	Ingresos ($)
Servicios de evaluación de riesgos	156,789
Servicios de consultoría	300,000

Monetización de datos

Los ingresos por monetización de datos llegaron a $ 214,567 en 2023.

Tarifas de licencia de tecnología

La licencia de tecnología generó $ 187,234 en ingresos para el año fiscal.

Categoría de licencias	Ingresos ($)
Plataforma de tecnología de seguros	132,456
Herramientas de análisis de datos	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.