Tencent Holdings Limited is investing USD70 million into Ting Ting Group, the owner of Chinese online healthcare service community DXY.cn.
Tencent gains a minority equity stake of DXY on a fully diluted and as converted basis, and the deal is expected to close soon.
DXY plans to invest the capital into developing healthcare products for doctors, pharmaceutical companies, and consumers. Its priority is to create better products and content for doctors in China and to bring doctors and pharmaceutical companies together on a single Internet platform that can be accessed through multiple channels and allows for a more legally compliant and effective way of exchanging ideas and knowledge.
Previously, DXY completed two rounds of investments from DCM and Shunwei China Internet Fund. Following this round of investment, DXY's founding management team will continue to have a majority stake in DXY and have a majority of its board of directors. David Feng, vice president of DXY, and Richard Peng, vice president of Tencent, will become DXY's newest board members.
Reflecting on the culture of Indian fandom, Satwik launched a scathing attack. “When Chirag’s dancing…
Let us read it for you. Listen now. Your browser does not support the audio…
In a recent incident, a young tourist, identified by her surname Liu, lost her life…
Global steel magnate Laxmi Mittal, along with Indian vaccine tycoon Adar Poonawalla, bought Indian cricket…
(Información remitida por la empresa firmante) – The Full Commission of the ITC ruled in…
Let us read it for you. Listen now. Your browser does not support the audio…