China's tech companies seek profits in the medical industry

 04-May-17, Nikkei Asian Review 

China's health care industry is infected. Not with some lingering malaise, but with a passion for high technology that promises a cure for the problems of a rapidly graying population.

Image: Nikkei Asian Review

The widespread application of advanced technology, such as artificial intelligence, big data and the internet of things (IoT), is transforming how the country views health care.

With the largest online population in the world and growing demand for healthy lifestyles, China has seen explosive growth in both technology and innovative business models. Traditional competitors are being tested, and new types of players are constantly emerging. The winners will be companies that develop game-changing strategies, for example:

• WeDoctor - an online portal, focuses on hospital appointment services
• Ali Health - a subsidiary of Alibaba Group Holding, is now a leading pharmaceutical e-commerce platform
• Chunyu Doctor - provides a telemedicine platform for remote doctor consultation

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