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AIA Group, HK-based New World Dvt Co values Tencent's WeDoctor at USD 5.5 bln
CKN
2018/04/13 14:08:36
2,139
Tencent,WeDoctor,AIA,Fosun

May 31, 2018 (China Knowledge) - Tencent-backed WeDoctor, an online healthcare platform, has drawn AIA Group Ltd. and HK conglomerate New World Dvt Co's funding to value the startup at USD 5.5 bln, according to insiders of the deal.

New World will leverage on WeDoctor to develop hospitals across HK and mainland China, and AIA tap on the startup to offer insurance products. Other backers include Shanghai-based Fosun Pharmaceutical Group, and possible new funding from Morningside Venture Capital. The target fundraising size is target at USD 500 mln.

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