It is not easy to retain users for online medical services, even when you are a social media giant like Tencent.
Tencent Trusted Doctor, a joint venture backed by the internet giant, announced on Wednesday that it had secured $250 million in a first round of funding from nine large investors.
The deal has boosted Tencent Trusted Doctor's valuation to about $1 billion, making it China's latest unicorn, according to a source familiar with the matter.
A merger in August last year brought medical services platforms Tencent Doctorwork and Trusted Doctors together. Tencent Trusted Doctor offers a comprehensive private healthcare network with online...