Real estate developer Shandong Tyan Home has agreed a $20m investment in China-based, corporate-backed online health services provider WeDoctor Group, China Money Network has reported.
Formerly known as Guahao.com, WeDoctor’s core business revolves around its online healthcare appointment booking and medical consulting platform, which it claims has signed up more than 100 million registered users and 190,000 doctors.
The company is looking to source $150m to fund the establishment of five brick-and-mortar surgeries, and also intends to extend the range of online services it offers.
Guahao closed a $394m funding round co-led by Hillhouse Capital and Goldman Sachs in September 2015 that also featured internet company Tencent, conglomerate Fosun and China Development Bank, which participated through its China Development Bank Capital unit.
Tencent had already invested $106m in Guahao in October 2014, after the company had received undisclosed sums in earlier rounds backed by F & H Ventures and Morningside Ventures.
– Photo courtesy of WeDoctor Group