Tencent Invests USD 70 Mln in Online Medical Portal DXY

36Kr.com, 9/02/14

Guanlan Network, operator of online medical portal Dxy.cn, announced today that the company will soon receive a USD 70 mln strategic investment from Chinese internet firm Tencent (0700.HK). The DXY founding team will maintain a controlling interest in the company and hold the majority of the seats on its board of directors upon completion of the investment. After the investment is completed, DXY services will be integrated into Tencent's mobile chat apps WeChat and QQ Mobile. DXY offers both medical professional- and patient-facing online health information services.

Editor's Note: This new round of funding constitutes Guanlan's Series C round. For more background on this topic, please see "Update: Online Medical Portal DXY Lands Second-Round Funding" MD 12/30/12 issue.

Keywords: online healthcare mobile healthcare M&A Internet funding Tencent 0700.HK DXY WeChat Guanlan Mobile QQ mobile IM Series C

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