China’s largest online healthcare community portal DXY, which is short for its Chinese name Ding Xiang Yuan, has received US$70 million series C financing from Tencent Holdings Limited, according to an official announcement.
The details of the investment are not disclosed, but Tencent will take a "small proportion" of the company, according to the statement.
The deal will be finalized by the end of this month.
DXY, which claims to be to the largest online community for healthcare professionals in China, previously received tens of millions U.S. dollars series B financing in 2012 from DCM Venture Capital and Shunwei China Internet Fund, L.P.
DCM also invested US$2 million series A financing in the company in 2010, according to media reports.
Founded in 2000, DXY has over four million Chinese physicians and life science professionals members, with average daily page views of 1.8 million.