Caixin
Jun 02, 2016 07:35 PM

Closer Look: Tie-ups with Insurers No Panacea for Mobile Health Apps

(Beijing) – Unprofitable mobile health apps are turning to insurance companies in search of partnerships that will benefit them both, but major obstacles remain and investors are growing impatient.

The latest investment in the sector that made headlines on May 20 was a record-breaking US$ 500 million capital injection into Ping An Good Doctor, a smartphone app operated by a subsidiary of conglomerate Ping An Insurance (Group) Co. The previous record had been held by We Doctor Group, or Guahao, when it raised US$ 300 million in 2015.

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