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Insights
11-Feb-18 Estimates say that China's Tencent, owner of WeChat, has invested RMB20 bn (USD3.2 bn) in medical startups since 2014, when the Internet giant made its first medical startup investment in medical portal DXY for USD70 mn. [image: TechNode]
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Insights
07-Feb-18 The venture capital arm of China’s largest insurer, Ping An, is targeting raising up to USD1.3 bn in two healthcare- and healthtech-focused funds that will seek growth stage and pre-IPO investments at home and overseas. [image: Ping An / Reuters]
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Insights
05-Feb-18 For the first time, non-Chinese shoppers in greater China will be able to use China’s mobile payment platform WeChat Pay, following an update that allows users to link accounts with non-Chinese credit cards issued by Visa, Mastercard and JCB. [image: Power Retail]
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Insights
05-Feb-18 Ping An owned healthcare app Good Doctor has raised USD400 mn in funding, while its managed care platform OneConnect raised USD1.8 billion. Ping An's healthcare technology business covers 800 million people across 70% of the cities in China. [image: China Money Network]
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Insights
03-Feb-18 The Chinese mainland market for mobile payment transactions, which reached USD5.5 tn in 2016, is poised for further expansion as many consumers and businesses go cashless in more than 600,000 villages across China. [image: EPA]
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