China: GGV closes $20m round in pediatric care operator Cui Yutao

From the GGV website

GGV Capital, through its RMB managed fund Yuanxing Capital, has completed a $20 million series C funding round in Beijing-based Cui Yutao Health Management Center Co Ltd.

Existing investors, Chinese healthcare-focused venture firm HighLight Capital and Wu Capital, also participated, the China Money Network reported. Wu Capital is the family office of Chinese real estate developer Longfor Properties Co Ltd’s founding family Wu Yajun.

Yuanxing Capital focuses on healthcare, artificial investments and consumer upgrade themes.

Also Read: Fosun Kinzon leads $15m Series B round in Chinese health app Easyhin

The Cui Yutao Health Management Center previously raised a $10 million series B funding round from HighLight Capital and Wu Capital in January 2016, and now plans to use the latest proceeds on improving its mobile app on pediatric care and enhance its offline clinic network.

Popular Chinese pediatrician Dr. Cui Yutao founded the startup in 2014. He is the director of the pediatric department at Beijing United Family Hospital, and has nearly seven million followers on Sina’s Weibo, China’s equivalent of Twitter. Cui previously worked at the Beijing Children’s Hospital, and Capital Medical University.

The startup is tapping on a huge opportunity, announcing recently that there is only 0.5 pediatrician per one thousand children in China. The nation has around 20 million newborns every year, with around 200 million of its population aged between 0 to 14.

In 2015, a similar startup Amcare Women’s & Children’s clinic was launched in Beijing with backings from Warburg Pincus and Lenovo Group Ltd. Yu Ying, a well-known doctor at Peking Union Medical College Hospital’s emergency department, became the firm’s chief executive.

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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.