HONG KONG -- WeDoctor, one of China's leading online health care platforms, has secured over 1 billion yuan ($150 million) from an undisclosed state-owned industry investment fund in eastern China's Shandong Province following setbacks in its attempts to raise capital through a public share sale.
DealStreetAsia
China's Tencent-backed WeDoctor raises $150m from state investor
Investment follows IPO setback, comes as digital health care spending set to rise
China's WeDoctor provides a range of online services covering insurance policies, medical supplies, appointment booking and clinics. (Screenshot fromo WeDoctor website)
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