Caixin Global – Latest China News & Headlines

Home >


CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

China’s State Asset Overseer Appoints New Director
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
Two ‘Big 4’ Banks Expected to Open Wealth Management Units in June
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
How to Find Illegal Lenders? Watch Who’s Taking Cases to the Courts
Pull the Brakes on New Gas Car Sales by 2030, Think Tank Tells Beijing
Hong Kong-Listed China Telecom Gets New Chief
Tencent Leads $250 Million Round in Chinese Travel Site Mafengwo
Cabinet Vows to Promote Debt-for-Equity Swaps to Relieve Debt
More Bidders Join the Race for $5.79 Billion Gree Stake
Regulators Halt High-Interest ‘Smart Deposits’: Sources
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
High-Tech Board Names and Shames Brokerage for Doctored Numbers
More Chinese Airlines Seek Compensation From Boeing Over 737 Woes
Tencent-Backed Private Healthcare Platform Raises $250 Million

By Wang Luyao and Tang Ziyi / Apr 24, 2019 07:42 PM / Business & Tech

Photo: IC

Photo: IC

Tencent-backed private health care platform Tencent Trusted Doctors has raised $250 million in its latest fundraising round to help fuel its rapid expansion.

The fundraising was led by Country Garden Holdings, Tencent Holdings and Sequoia Capital, according to a company statement obtained by Caixin Wednesday.

The investment brings the platform’s value above $1 billion, meaning it can now be considered a “unicorn,”  Reuters reported, citing a source with knowledge of the matter. 

Tencent Trusted Doctors, which calls itself China's leading private healthcare service platform, was formed in 2018 through a merger of Tencent’s medical unit Doctorwork and Shanghai-based healthcare startup Trusted Doctors. The platform said it offers online consulting services from nearly 50 offline medical institutions and 440,000 certified doctors.

The company said it aims have brought on board more than 500 medical institutions by 2021.

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.