China's WeDoctor gets $500m pre-IPO round
WeDoctor, a Chinese online healthcare platform backed by Tencent Holdings, has received a $500 million round of funding – at a valuation of $5.5 billion – from Hong Kong-listed insurance company AIA Group and infrastructure and services conglomerate NWS Holdings.
The investment was described as a pre-IPO round with the company expected to list later this year. Several other existing and new investors also took part, including CICFH, a vehicle established by Zhongcai...
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