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Hangzhou digital medical company plans for Hong Kong IPO
Hangzhou News   2021-04-19 14:32   Source:ehangzhou.gov.cn

A visitor receives services from a doctor working for Hangzhou-based WeDoc Holdings Co, China's largest digital medical service platform. [Photo/zjol.com.cn]

WeDoc Holdings Co Ltd, a company based in Hangzhou, capital of East China's Zhejiang province, has recently submitted a prospectus to Hong Kong Exchanges and Clearing Limited to apply to be listed.

As China's largest digital medical service platform, WeDoc had received 12 rounds of financing, which totaled $7 billion, as of the submission of the prospectus.

If it is successfully listed on the Hong Kong stock market, the company will become the first listed firm in digital medicine in China.

During the COVID-19 pandemic, the company achieved robust growth. Its revenue in medical counseling and treatment in 2020 doubled that of the previous year.

Statistics showed that the business revenue in 2018, 2019, and 2020 amounted to 255 million yuan ($39.04 million), 506 million yuan, and 1.83 billion yuan respectively.

The predecessor of the company was called Guahao Net, which was founded by Liao Zhiyuan in 2010.

The company has 27 online hospitals and has built connections with more than 7,800 hospitals across China, covering more than 95 percent of the3A-gradeor above hospitals. More than 270,000 doctors have registered on the platform.

In 2020, the company offered medical counseling services 18 million times.

Author:  Editor:Zhang Di
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