Telemedicine company Guahao announces US$394 million new funding led by Hillhouse Capital and Goldman Sachs, with participation from new investors including China Development Bank Capital and existing investors Tencent and Fosun. Its last US$107 million Series C round was announced in October 2014.
The company also announced today rebrand to We Doctor Group Limited that consists of three business units, online appointment scheduling service Guahao, telemedicine app We Doctor, and Accountable Care Organization which provides health benefits & insurance plans.
Founded in 2010, the company has signed up more than 1,600 hospitals across China and some 190,000 health professionals. It claims to have had some 110 million users and 2 million subscribers of its health benefits & insurance plans.
LeTV launches its third-gen smart TV in Hong Kong. It comes in six models with prices ranging from RMB1699 to RMB8499 (US$270 – US$1370).
The company shipped more than 1.5 million smart TV units in 2014 and aims for 3 – 4 million in 2015.
Some news from the China- U.S. Tech Summit Chinese President Xi attended in Seattle (via various media):
- Baidu will be made the default search service and home page for Microsoft Edge, the official browser of Windows 10, in China. In return, Baidu will feature a “Windows 10 Express” distribution channel.
- Cisco Systems and Chinese server maker Inspur will establish a joint venture to sell networking and cloud computing products and services in China.
- Unisplendour Corporation Ltd. and 21vianet Group, Inc. will form a joint venture to sell Windows Azure cloud-computing program and Office 365 to Chinese clients, especially state-owned enterprises. Xiaomi will also adopt Azure to power some of its services. (Xiaomi is a shareholder in 21vianet.).
- Ride-sharing service provider Didi Kuaidi will integrate LinkedIn into its car pooling service.
Uber is testing a new car pooling service that will debut first in China — TechCrunch.
Alibaba Group is establishing a second headquarters in Beijing. About one third of its employees at UC Web, AutoNavi, Alibaba Pictures and Ali Health are based in Beijing.