China's Waterdrop completes $74.2m Series B round led by Tencent

Waterdrop Company, a Chinese medical alternatives provider, has closed a 500-million yuan ($74.2 million) Series B financing round led by Tencent, according to its announcement on Wednesday.

Banyan Capital, IDG Capital, BlueRun Ventures, Sinovation Ventures, DST Global’s founder Yuri Milner, former CEO of Tencent’s e-commerce business We Xiaoguang and others joined the round.

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