GuaHao, a China-based healthcare services tool, has raised $394m in a funding round including internet company Tencent and conglomerate Fosun, Tech in Asia reported today.
The round was led by Hillhouse Capital and Goldman Sachs, while China Development Bank Capital and a range of unnamed backers also participated.
Founded in 2010, GuaHao’s mobile app and online platform enables patients to book hospital appointments and pay related bills. Hospitals, meanwhile, can use the service to manage their patient data.
Concurrent with the funding, GuaHao – which means “take a number” in Chinese as a nod to the traditional waiting system in hospitals in the country – has announced it will changed its name to Weiyi.
The online portal will retain the GuaHao branding, but the app and the company’s insurance offering will be marketed under the new name.
Tencent previously provided $106.5m in October 2014. The investment was reported as the single largest cash injection in a digital healthcare startup in China.
F&H Ventures and Morningside Ventures are also listed as investors on GuaHao’s website, though details about their involvement remain undisclosed.