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

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.