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Online Pharmacy Service Drives Jianke.com’s Revenue Growth in H1 2024 Amid Diverse Business Segments
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Jianke.com, a China-based smart healthcare service platform, has unveiled its financial report for the first half of 2024. The company recorded a modest year-on-year (YOY) increase in revenue, reaching RMB 1.323 billion, which is a 2.5% uptick. More impressively, the adjusted net profit saw a substantial surge of 395.0% YOY,…
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Ant Group Eyes Acquisition of Leading Internet Healthcare Platform Haodf.com
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Ant Group, the China-based fintech powerhouse, is reportedly pursuing the acquisition of Haodf.com, one of the country’s leading Internet healthcare platforms. This shift in negotiations comes after Alibaba Health Information Technology Ltd (HKG: 0241), Ant’s sister company, previously engaged in discussions with Haodf.com, according to local media sources. The two…
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Shineco Inc. Acquires 80% Stake in ‘Internet+Medical Care’ Platform Meitong Tech for USD 20 Million
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Shineco Inc. (NASDAQ: SISI), a U.S.-based company, has signed an investment agreement with Beijing Dongfang Meitong Technology Co., Ltd, a China-headquartered “Internet+medical care” platform. Shineco is set to acquire an 80% stake in Meitong Tech for USD 20 million. Meitong Tech, a leading shared medical device company in China, offers…
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Union Hospital Teams Up with Baidu Health for AI-Enhanced Outpatient Services
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Union Hospital, Tongji Medical College, Huazhong University of Science and Technology, has entered into a strategic partnership with Baidu Health. This collaboration aims to focus on AI intelligent outpatient services, thereby strengthening the digital transformation of medical services. The hospital has demonstrated initial success with its AI intelligent outpatient system,…
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Hebei Province Proposes Measures for ‘Internet+’ Medical Services and Insurance Management
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The Hebei provincial Healthcare Security Administration (HSA) bureau has released a draft set of Measures titled “Hebei ‘Internet+’ Medical Service, Medical Insurance Management Measures,” which are now in effect and open for public comment until March 31, 2024. The document outlines the process for Internet medical institutions conducting “Internet +”…
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Tencent Hands Over Two Former CSIG Employees to Authorities on Embezzlement Allegations
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Chinese internet conglomerate Tencent has announced via its anti-fraud department’s official channel that former employees Zhang Meng and Liu Yunting from the Cloud and Smart Industries Group (CSIG) have been handed over to public security authorities. The two are suspected of misusing their positions to embezzle company assets and to…
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SciClone Pharmaceuticals Teams Up with SPH Health and Hi Dr to Launch Internet Hospital in China
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SciClone Pharmaceuticals Inc., (HKG: 6600), a prominent player in China’s pharmaceutical industry, has joined forces with SPH Health Commerce Co., Ltd and Hi Dr to establish an Internet hospital. The tripartite partnership aims to leverage digital healthcare solutions, although no financial details of the agreement have been disclosed. SciClone, known…
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Shanghai Henlius Partners with China Resource Medicine to Enhance Product Accessibility
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Shanghai Henlius Biotech Inc. (HKG: 2696) has announced a strategic partnership with China Resource Medicine Commercial Holdings Ltd. aimed at enhancing product accessibility across the market. Under the terms of the agreement, the two companies will collaborate on product marketing promotion, channel expansion, and supply chain management, although financial details…
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Zhejiang Boner Medical Secures Over RMB 800 Million in Pre-IPO Financing for Strategic Expansion
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Zhejiang Boner Medical Investment Management Co., Ltd., known as Bang-er Orthopedics, a leading hospital investment operator focused on orthopedics and rehabilitation, has reportedly raised over RMB 800 million (USD 110 million) in a pre-IPO financing round. The round was led by C&D Emerging Industry Equity Investment, with participation from Sunshine…
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ClouDr Partners with Hong Kong Magicure Medical Center to Enhance Cross-Border Medical Access
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Hangzhou Kang Ming Information Technology Co., Ltd, known as “ClouDr” (HKG: 9955), has entered into a partnership with Hong Kong Magicure Medical Center with the goal of streamlining the supply chain and accelerating domestic access to the world’s leading medical resources in China. This collaboration aims to provide patients with…
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Beijing Drafts Regulations for Internet Diagnosis and Treatment, Prohibits AI Prescriptions
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The Beijing Municipal Health Commission has released the “Implementation Measures for Internet Diagnosis and Treatment Supervision in Beijing (Trial)(draft proposal)” and is soliciting public feedback from August 17 to September 16, 2023. This document outlines the supervision of online diagnosis and treatment activities by medical institutions in Beijing, aligning with…
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JD Healthcare Reports 34% Revenue Growth and Triples Non-IFRS Profits in 2023 Interim Report
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JD Healthcare, a subsidiary of China’s e-commerce giant JD.com (NASDAQ: JD), has released its 2023 interim financial report, showing a 34% year-on-year (YOY) increase in total revenues to RMB 27.11 billion (USD 3.72 billion). Non-IFRS net profits surged by 101.2% to RMB 2.44 billion (USD 334.7 million), indicating strong financial…
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Digital China Development Report Highlights Growth of Digital Healthcare Ecosystem
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The Cyberspace Administration of China (CAC) has released the Digital China Development Report (2022), providing key insights into the extent of China’s digital health ecosystem. The report highlights significant growth in the digital healthcare field, with a focus on the expansion of internet hospitals and remote medical services. Growth in…
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Ping An Healthcare and Technology Partners with Chugai Pharmaceutical to Establish Angina Pectoris Center
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Ping An Healthcare and Technology Co., Ltd (HKG: 1833), also recognized as PingAn Good Doctor, has entered into a partnership with Japanese firm Chugai Pharmaceutical to jointly establish an angina pectoris center. This collaboration aims to integrate medical expertise with technological innovation to enhance coronary heart disease management. Advancing Coronary…
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ClouDr Partners with Banbiantian to Digitalize Medicine and Medical Device Sector
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Hangzhou Kang Ming Information Technology Co., Ltd, trading under the name “ClouDr” (HKG: 9955), has entered into a strategic partnership with Wuhan Banbiantian Medical Technology Development Co., Ltd. The collaboration, which is centered around digitalization technologies, is designed to capitalize on the “medicine, device, drug” linkage model. While financial specifics…
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JD Healthcare Reports 52.3% Revenue Growth in 2022 Financial Report
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JD Healthcare, a unit of China’s e-commerce giant JD.com (NASDAQ: JD), released its 2022 financial report, showing total revenues of RMB 46.7 billion (USD 6.84 billion), a 52.3% increase year-on-year (YOY). As of December 31, 2022, the platform had more than 154 million annual active users, with healthcare daily inquiries…
