Wedoctor unlisted shares
Wedoctor Healthcare provides a disease diagnostic system for Western and traditional Chinese medicines, facilitated by AI technology. Its cloud business allows partner hospitals, clinics, and government to do data processing, AI diagnosis, pension management and etc. The company is also gearing up for its IPO at a market value of more than USD 1 billion. The company will go public on the Hong Kong stock exchange and had a pre IPO value of USD 5.5 billion. Wedoctor is in the business of providing Healthcare Support services to more than 2700 hospitals, 240,000 doctors, and 160 million platform users in China.
Wedoctor started as a medical appointment registration website with some other name. it was founded by Jerry Liao in 2010. Currently, they are running 4 business segments that include healthcare, cloud, insurance, and Pharma.
It can provide QnA service, which helps reward the best answers. The company has plugged in the latest AI that also helps patients detect fatal ailments like cervical cancer.
Wedoctor healthcare consists of diagnostic systems and Chinese medicines, and both of these are facilitated by Artificial Intelligence (AI).
Wedoctor Insurance offers insurance on the users based on their gender and concerns
Wedoctor Cloud – they allow their partnering hospitals, clients, government, and businesses to help use tools like data processing, record management, AI diagnostic, pension management, and remote consultation.
Wedoctor Pharma – they provide the patient a one-stop shop for a virtual consultation. This is done by integrating services.
They have until now raised funds through four rounds of funding and has raised over $1 billion.
- Tencent – joined the investor board in 2014 with $106.5 million
- Goldman Sachs, Hillhouse Capital Group – Private Equity round of $349 million
- Shandong Tyan Home – Raised $20 million
- AIA Group, NWS Holdings – Raised $500 million
They are in talks to file the IPO prospectus by the Lunar New Year which is sometime in February. The company aims to raise $500 million to $1 billion. Wedoctor was also believed to be in the process of raising $350 million ahead of IPO. Their online pharmaceuticals sales and healthcare consultation businesses will be the units for the IPO. These businesses have been valued at $6 billion pre-money in their latest funding round. The deal will be managed by Citigroup, along with J.P. Morgan Chase and CMB International.
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