PingAn and CICC see the value in segmented healthcare

Healthcare remains an attractive sector for investors. Chronic disease management platform 91health has just raised $100 million from a number of blue-chip names.

Chronic disease management platform 91health, also named Cloud of Wisdom, has raised $100 million from multiple investors proving the continuing allure of China's healthcare industry.

The state-backed investment fund of China Electric Data Services participated in the funraising, together with CICC, PingAn Ventures, IDG Capital, LeBox Capital, and Shenzhen-listed Meinian Onehealth Healthcare. Pharmaceutical company Tasly Group and Samsung Venture also joined the round. Healthcare-focused Probe Venture Capital acted as financial consultant to the deal

The company has already begun its follow-on Series C fundraising and is hoping to complete the construction of its business-to-business platform with the money, according to...

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