Chinese Firm Leads $40M Round In Start-Up Helping Chinese Patients Get Medical Treatment In US

Shenzhen-listed Chinese smart building and smart city services provider Hakim Unique Internet Co., Ltd. has led a US$40 million series A round in Haoeyou, a digital hospital platform for Chinese patients to directly connect with doctors from the U.S. under the California Healthcom Group.

Haoeyou, whose name in Chinese means "good doctor friends," is valued at US$200 million post-money, according to a company announcement.

Founded in 2013, Haoeyou provides a platform where Chinese patients can make an appointment with American doctors and receive remote consultancy at home via web camera. It also help patient to travel to the U.S. to receive medical treatment. The platform claims that it has over 1,000 care providers registered.

Chinese investors have poured billions of U.S. dollars in digital healthcare start-ups including online patient-doctor communication. A total of US$1.1 billion were invested in the sector in the first half of last year, data from CB Insight showed.

Last month, Matrix Partners China, Qiming Venture Partners and IDG Capital invested RMB200 million (US$28 million) in Beijing-based Anxin Doctor, a mobile health app focused on children and women.

Last year, We Doctor Group Ltd. received US$20 million from Shanghai-listed real estate developer Shandong Tyan Home Co., Ltd., and Guangzhou-based online pharmacy start-up 7LeKang completed a US$100 million round to develop mobile healthcare services, increasing its doctors’ network and patient subsidies.