Trustbridge to invest $500m in Tencent-backed DXY.

Trustbridge, a mission-driven growth equity firm, is set to invest $500m in Tencent-backed DXY, a Chinese healthtech firm. Additional investors include Tencent Investment and Hillhouse Capital-backed GL Ventures. DXY operates an online platform for hospitals, physicians, medical researchers, patients, pharmaceutical companies, and insurance providers to access and share medical information, medical data collection & management solutions, and other medical services. DXY plans to advance its partnership with doctors, medical institutions, and other related professionals and parties to explore new medical and healthcare offerings. "The firm will strengthen collaboration with doctors and corporate users to provide professional know-how and reliable products upon the completion of the new financing," Li Tiantian, DXY Founder and Chairman.