Company Information

Get to know Bihuhuzhu

Founded in 2016, Bihuhuzhu (which translates to "Gecko Mutual Aid") was a key player in China's burgeoning online mutual aid sector. The platform operated on a collective risk-sharing model where members contributed small regular fees to a pool of funds. When a member was diagnosed with a specified critical illness, they could receive a one-time payout from this collective pool. While functionally similar to insurance, these platforms operated in a regulatory grey area, allowing them to offer low-cost coverage to millions. However, due to a significant tightening of regulations by Chinese financial authorities targeting the sector's risks, Bihuhuzhu announced its closure in May 2021, following other major platforms like Waterdrop Mutual and Qingsong Huzhu.

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Financial InsurancePRIMARY
Financial Other Service

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Bihuhuzhu

China

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.