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Announced

Completed

Sequoia and Tencent led a $465m Series E round in Yuanxin Technology.

Financials

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Transaction Value£338m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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China

Minority

Software

application security

Domestic

Friendly

Completed

Venture Capital

Private

Private Equity

application software

Acquisition

Synopsis

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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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