Healthcare

Investors bet on Tencent-backed healthcare platform

The social media giant has raised $250 million with eight other investors for its online medical services platform Tencent Trusted Doctor.

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...

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