Chinese online healthcare solutions platform WeDoctor, which is backed by Tencent Holdings, said on Wednesday it had raised $500 million from several investors, valuing the company at $5.5 billion ahead of an IPO this year.
The investment round was led by AIA Company, part of Hong Kong-listed insurer AIA Group, and infrastructure and services group NWS Holdings.
WeDoctor is among the technology-driven companies looking to shake up China's overburdened public healthcare market, with increasingly affluent consumers willing to pay for more convenient access to doctors and health services.
