China Electronics Corporation Data, part of computing technology provider China Electronics Corporation (CEC), has led a $60m round for China-based, physician-focused social media platform Medlinker, China Money Network reported yesterday.
Internet group Tencent also participated in the round, as did investment banking firm China Renaissance and venture capital firm Sequoia Capital China.
Medlinker operates a mobile social media platform for doctors that has more than 430,000 verified members. In addition to facilitating contact, referrals and the sharing of medical records, the platform allows patients to book appointments with physicians and upload queries.
CEC Data’s investment was made as part of an agreement whereby the companies will partner to investigate trial projects involving the provision of health insurance and access.
Tencent had previously raised an undisclosed amount from Sequoia Capital China, Ceyuan Ventures and PreAngel in 2015, before adding $40m later the same year in a series B round led by Tencent that included private equity firm Yunfeng Capital.