Rui Fang
方锐
Rui Fang is the founder and CEO of Yuanbao Inc., a Chinese insurtech platform that listed on Nasdaq in May 2025 . He previously spent nearly two decades at NetEase, where he rose to vice president and head of the group's technology division, and founded both NetEase E-commerce and NetEase Pay, serving as CEO of each . His background is described as "typically technical" — he built Yuanbao around a "tech should serve people" ethos, aiming for full-process intelligent insurance services . The company raised nearly RMB 1 billion in a 2021 Series C led by Source Code Capital, with Fang stating the funds would go to core R&D . At the IPO, he framed the listing as just one milestone checked off a longer list .
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Coverage
MaHui Entrepreneur | Yuanbao Inc. Founder Fang Rui: The IPO Is Just One Thing Checked Off the List
For China's insurance industry, we've only just laid the first "smart brick."
MaHui | Congratulations to MaHui member Yuanbao Inc. on its successful Nasdaq listing
On the evening of April 30, 2025, Beijing time, Yuanbao Inc., a leading insurtech company, officially listed on the Nasdaq Stock Exchange in the United States.
The New Evolution of Insurtech | Code Brain Issue 15
Opportunities in Insurtech Entrepreneurship
Internet Insurance Tech Platform Yuanbao Inc. Closes Nearly RMB 1 Billion Series C Led by Source Code Capital
It has accumulated millions of paying users, covering more than 90% of domestic regions.
