Medical e-commerce confirms USD 100 million Series B fundraising

From Baidu Images.

Medical e-commerce company has confirmed raising over USD 100 million in Series B funding but has not disclosed investors, NetEase tech reported on Thursday.

Founded in Guangzhou in 2010, the platform has built its own logistic systems in big Chinese cities including Beijing, Shanghai and Chengdu. The platform plans to use the new funding to expand services offered through its health consultation app including searching for doctors, paying consultation fees and subsidizing medicines.

Jiang Haidong, CEO of, wants to build the platform as a leading part of a supply chain linking up pharmacies, doctors, patients and facilitating medical checkups. He wants to build an ecosystem in the health services field and to become the first point of call for mobile health.

Jiang reveals the medical e-commerce company made over RMB one billion (USD 151 million) in 2015. It’s reported that received more than RMB one billion in investment in 2015, in which RMB 300 million was raised from its affiliate Guangdong Qicheng Youth Fund as well as Govtor Capital, Grand Yangtze Captial and TusPark Ventures, in a Series A funding in January 2015.

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