Ping An Good Doctor, an Online-to-offline (O2O) healthcare servicing platform, completed a USD$500m Series A round of financing.
The round valued the company at USD$3 billion.
Backers included both international and Chinese investors, including international private equity funds, Chinese state-owned enterprises on the Fortune 500 list, finance corporations as well as internet companies.
Led by founder Mr. Wang Tao, Ping An Good Doctor is a healthcare and medical service app offering text, photo, voice and video consultation for preventive nursery care, guidance for doctor’s visits, post-diagnosis services, chronic disease management, medication alerts, etc.
Medical experts are available 24/7, communicating with users and providing suggestions based on users’ health conditions. Users can purchase medication online in accordance with the advice and have it delivered to their home.
In addition, it provides online and offline medical services (including appointment booking, chronic disease management, health check-ups and DNA testing), health-by-mall (sale of over-the-counter medication, medical devices and other healthcare products), and assistance with medical insurance (including payment and cost control).
Up to now, the platform has accumulated 77 million registered users, and the number of daily consultations has been as high as 250,000.