Ding Xiang Yuan (DXY), a medical online social networking service for China’s physicians and medical professionals, confirmed it has invested tens of millions of RMB (millions of USD) in LinkedCare, a dental Software-as-a-Service (SaaS) provider, in order to restructure its data flow and provide digitized service to its customers, Tencent’s Tech News channel reported on Monday.
Founded in July 2000, DXY is China’s largest online medical portal used by five million Chinese physicians and life science professionals, with an average of 1.8 million daily page views. There are more than four million registered members.
“LinkedCare has strong research capabilities and wide market coverage in oral health care. It will also contribute to forming a collaborative management platform for our general practice and pediatric clinic,” said Zhang Jin, CEO of the company.
SaaS systems provide digitized solutions for customers. Li Tiantian, founder of DXY, said that they aim to achieve third-party remote diagnosis, electronic prescription transfer, remote consultation, WeChat reservation and payment, etc., in order to provide patients with smoother and more intelligent services.
Online medical service platforms in China are growing at an unprecedented rate. According to a report by Boston Consulting Group, more than USD 700 million in venture capital funding has poured into the digital healthcare market, and the sector is widely expected to change the landscape of traditional healthcare in China. DXY’s major rivals include Guahao.com, a mobile medical service and health consultation platform backed by Tencent and Chunyu Doctor, an online physician-patient communication provider.
(Top photo from Baidu Images)