China Digest: Hakim invests $40m in Haoeyou; Bojiang backs Hejin Online

A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic

The latest in the deals space in China has seen Hakim Unique Internet Co Ltd, and Bojiang Capital Management Group, each led separate funding rounds in healthtech firm Haoeyou, and big data startup Hejin Online, respectively.

Hakim Unique invests $40m in Haoeyou

Shenzhen-listed Hakim Unique Internet Co Ltd, a Chinese smart building and smart city services provider, has led a $40 million series A round in healthtech startup Haoeyou, the China Money Network reported.

Haoeyou’s digital hospital platform directly connects Chinese patients with doctors from the US under the California Healthcom Group.

Founded in 2013, the startup is now valued at $200 million post-money. Haoeyou means “good doctor friends” in Chinese.

Haoeyou’s platform allows Chinese patients to make an appointment with American doctors and receive remote consultancy at home via web camera. It currently has over 1,000 care providers registered, and even assists patients to travel to the US to receive medical treatment.

Haoeyou is just one of many digital healthcare startups in China that received funding from Chinese investors that poured $1.1 billion in the sector in the first half of 2016, CMN noted, citing data from CB Insights.

Also Read: Unitus Impact leads $6.3m round in healthtech startup mClinica

Bojiang, Redpoint back Hejin Online

Hejin Online, a Beijing-based big data company focused on the insurance industry, completed a series B financing round led by Shanghai-based investment firm Bojiang Capital Management Group, joined in by Redpoint Ventures.

Financial details are not disclosed.

Big data specialist Wang Yaqing founded Hejin in 2015 designed to provide insurance services for both individuals and insurance firms.

A former president at Alibaba Health Information Technology Ltd, Wang was also the chief technology officer at JD.com Inc and global vice president at U-based computer software company Oracle Corporation.

The startup in 2016 raised up to $10 million in a series A round from Morningside Venture Capital and Redpoint Ventures.

Only recently, Shenzhen-based online insurance purchase platform Xiaoyusan raised $14 million in a series B round backed by Matrix Partners China and Chinese investment firm Tianshili Capital, CMN noted.

Also Read:

China Digest: SDIC backs Ribo; Matrix funds online insurance Xiaoyusan

China Cinda sells 41% of insurance unit to Shenzhen Investment for $607m

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.