Tencent Trusted Doctors Becomes Unicorn Completing a New USD 250 Million Financing
Tencent Trusted Doctors announced that it has completed a new round of financing of USD 250 million. Tencent Trusted Doctors stands as the “China's basic medical service provider" and determined to kill all the inefficiencies.
On 24 April 2019, Tencent Trusted Doctors (企鹅杏仁集团) announced that it has completed a new round of financing of USD 250 million, jointly invested by Country Garden Ventures, Tencent, and Keye Capital, CMB International, Harvest Fortune, China and Russia Investment Fund, Sequoia China, Shengshijing Group, and China Aviation Trust. Following the completion of this round of financing, the value of Tencent Trusted Doctors exceeded USD 1 billion.
Tencent Trusted Doctors is a digital health service enterprise with internet plus entity medical care development; jointly established by Tencent, GAW capital, Medlinker, and Sequoia Capital China. It is committed to adhering to the reform on China's medical and health industry driven by Internet technologies and provides quality, safe, convenient and one-stop health management services for Chinese.
In August 2018, Tencent Doctorwork has merged with a Shanghai-based Startup "Trusted Doctors" under the title, Tencent Trusted Doctors to provide the biggest online healthcare services platform in China. Tencent has been gradually sprouting, pumping, and flowering online healthcare industry from the seed. Before the merger, the platform had accumulated 440,000 doctors connected, 10 million patients and users, and connected more than 30,000 hospitals. After the merger, Tencent Trusted Doctors did not stop looking for new partners. Tencent Doctorwork announced the acquisition of Yushun Technology (于莺科技), another O2O medical company only three months after the merger.
Up to now, nearly 50 clinics of the Tencent Trusted Doctors provide a variety of services, including general practice clinics, day surgery centres, and specialist clinics, covering 8 cities including Beijing, Shanghai, Shenzhen, Chengdu, Shenyang, Guangzhou, Hong Kong and Nanjing.
On March 27 this year, Tencent Trusted Doctors unveiled four smart health products at its clinic in Beijing; including smart health stations, health terminals, healthy micro-magnet mirrors, and future expert clinics, creating a new concept for Tencent Doctorwork's future clinic.
It is not difficult to see that Tencent Doctorwork stands firmly in the position of “China's basic medical service provider” and is determined to kill the inefficiencies and meaningless times wasted on the corridors of China's hospitals. This time, it has won the favour of the capital, and it also consolidated the market's recognition of its online and offline linked innovative medical service model.
Wang Shirui (王仕锐), CEO of Tencent Doctorwork stated that in the next 2-3 years, Tencent Doctorwork will achieve rapid expansion of offline medical institutions. It is estimated that by 2021, there will be more than 500 offline medical institutions of Tencent Doctorwork.