China TCM clinic chain Gu Sheng Tang raises $70m
Gu Sheng Tang, a traditional Chinese medicine (TCM) clinic chain, has raised $70 million in a Series C round led by US-based insurance firm Starr Companies, followed by China Ping An Insurance.
The company was set up in 2010 by Zhiliang Tu, a co-founder of Chinese healthcare services provider iKang Healthcare Group. It currently operates 20 TCM centers in major cities including Beijing, Guangzhou,...
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