MindForge (MF)
Digital promotion and vehicle-risk tools for China’s property-and-casualty insurers.
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Provides digital promotion, vehicle-risk assessment, and digital service-code offerings to insurers and intermediaries in mainland China. Revenue is chiefly generated by online promotion campaigns, using third-party traffic sources and Beijing-based PRC operating entities beneath a Cayman holding company.
Provides digital promotion services, Magic Mirror vehicle-risk assessment, and value-added service codes to property-and-casualty insurers and intermediaries in mainland China. Digital promotion plans and executes online campaigns across website and social-media channels, using pay-for-performance marketing and display advertising. Magic Mirror combines vehicle attributes and insurer-supplied information to visualize accident, damage, claims, and settlement estimates.
Operates through Beijing-based PRC entities while its Cayman parent has no material operations. Promotional traffic comes from third-party online and offline platforms; service codes are largely sourced from outside vendors. Most revenue is from digital promotion, and customer, supplier, data, and traffic concentration shape execution. PRC insurance, advertising, data, technology-service, and offshore-listing rules govern the business.
Company facts
No analyst consensus on record.
Not reported.
Balance sheet, Dec 31, 2025Cash & short-term investments $9.9M · Total debt $0 · Total assets $38.3M · Shareholders' equity $37.0M
- Revenue
- $11.7M
- Operating income
- −$10.2M
- Net income
- −$10.2M
No dividends on record.
No ownership filings on record for this listing.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MindForge | $13.80 | −13.59% | $24.9M | — | — | 1.0 | — |
| Cheche Group | $15.45 | +2.39% | $36.5M | — | — | 0.1 | +78.0% |
| Waterdrop (ADR) | $0.9600 | −1.71% | $352.1M | 0.9 | — | 0.5 | +73.9% |
| Yuanbao (ADR) | $13.70 | +0.51% | $105.3M | 0.4 | — | 0.2 | +43.1% |
| Huize (ADR) | $1.46 | −2.45% | $746.8K | 1.2 | — | 0.0 | +91.5% |
| Median | 0.9 | — | 0.1 | +76.0% |