Announced
Completed
Financials
Sources
Tags
China
Minority
Software
application security
Domestic
Friendly
Completed
Venture Capital
Private
Private Equity
application software
Acquisition
Synopsis
Sequoia Capital China, a venture capital firm, and Tencent, a holding company, led a $465m Series E round in Yuanxin Technology, a provider of digital healthcare and chain pharmacies. Additional investors include CITIC Securities, Qiming Venture Partners, Index Capital, Kunling Capital, CICC Capital, OrbiMed, Gopher Asset Management, and E Fund. The company is currently making efforts to accelerate its digital medical insurance mechanism by bridging brick-and-mortal hospitals and internet insurances. Meanwhile, it also revamps the segment of online medical payment.
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