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Cunzhen Qiushi (Shenlanbao) operates insurance knowledge-based content and insurance product reviews, and has expanded into digital clinical trial recruitment and multichannel marketing for pharmaceutical and biotech companies. Its E-Find Platform has shown strong performance, enrolling over 800 patients and onboarding 90 new clinical trial programs in a single quarter, serving 135 pharmaceutical companies and CROs in the third quarter of 2023. Waterdrop acquired a controlling (60%) interest in Cunzhen Qiushi in July 2023, and it is now consolidated into Waterdrop’s financial statements.
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