China mobile health solutions provider raises $36m

Founded in 2004, KingYee develops mobile-based solutions for hospitals and other healthcare centers, across areas such as internet-of-things and healthcare risk management. It creates digital platforms that enable patients' medical records to be managed more efficiently and provides smart monitoring devices.

The company has worked with 500 healthcare centers since inception. It received RMB93 million in Series B funding from CDH Investments and SBCVC last year. Prior to that, SBCVC provided RMB55 million in a Series A round.

The new investment will be used for technology innovation, according to a statement.

Zhibo Li, chairman of KingYee, said the traditional healthcare companies is becoming increasingly internet-enabled as part of the government's "internet plus" initiative. "They have to become more adaptive in the new business environment, developing modern services and products to their customers," he said.

KingYee launched a spin-out medical consultation and service booking mobile app Quyiyuan in 2013. The business subsequently received funding from SBCVC and HighLight Capital.

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• Topics
• Greater China
• Healthcare
• Technology
• Expansion
• Venture
• China
• healthcare
• Growth capital
• Softbank China Venture Capital
• Venture