Announced
Completed
Financials
Sources
Tags
Private
Venture Capital
Completed
Friendly
Single Bidder
IT Services: Other
healthcare solutions
Minority
Domestic
China
Private Equity
Acquisition
Synopsis
Baidu Capital, a corporate investment platform, led a $100m Series C round in Weimai, a Chinese startup that offers Internet-based healthcare solutions to hospitals and patients. Other investors that participated in the investment include IDG Capital, Matrix Partners China, Source Code Capital, Vision Plus Capital and Cenova Capital. Weimai will continue to “embrace” public hospitals to help them build “one-stop, online-and-offline medical services capacities.” The startup will also seek to offer “multi-layer, customised medical and healthcare services” to users through continued exploration and development of new technologies.
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