Investor Pain over Mobile Medical App Strain

(Beijing) – By next year, according to one estimate, the value of China's red-hot, mobile app-based healthcare services market will hit 12 billion yuan – nearly three times what it was in 2015.

No wonder institutional investors as well as Internet giants such as Alibaba Group, Tencent Holdings and Baidu Inc. have been pouring money into startups whose app services help smartphone owners remotely consult doctors, schedule appointments and pay hospital bills.