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Tencent Trusted Doctors Raises $250 Million for Online/Off-line Healthcare

publication date: Apr 24, 2019

Tencent Trusted Doctors, a China on-line/off-line provider of medical services, raised $250 million in a round led by Tencent Holdings (HK: 0700), Country Garden Holdings and Sequoia Capital. The funding was carried out at a $1 billion-plus valuation. In 2018, Tencent Trusted Doctors was formed by merging Tencent Doctorwork with Trusted Doctors. The merged company now operates nearly 50 clinics and connects 440,000 certified doctors with more than 10 million patients online. It plans to have more than 500 offline medical institutions in China by 2021. More details....

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