China-based online healthcare information provider GuaHao.com has received a strategic investment of over $100m from internet group Tencent Holdings, China Money Network reported on Monday.
The stake obtained by Tencent has not been disclosed, but GuaHao has stated it will continue to operate independently. The equity investment is reportedly the largest ever made in the Chinese digital healthcare sector.
GuaHao, founded in 2010, is partnered with over 900 hospitals in China, connecting doctors to patients. The platform provides online services such as booking appointments and paying bills to users.
As part of the deal GuaHao will incorporate some of Tencent’s products into its online healthcare services, while Tencent will advertise GuaHao.com on its messaging apps.
The deal follows a $70m investment by Tencent in health-based social media platform Dxy in September.