CR Capital partners with Tencent unit to launch $147m healthcare fund

Source: Hike Shaw/Unsplash

State-owned China Resources Group’s investment vehicle CR Capital has entered into an agreement with tech giant Tencent’s digital health service arm Tencent Trusted Doctors and three Chengdu local government groups to launch a 1 billion yuan ($147 million) healthcare fund, CR Capital posted on WeChat on Tuesday.

The three Chengdu local government-led entities are Chengdu Industry Investment’s subsidiary Chengdu Advanced Manufacturing Investment, Chengdu Hi-tech Investment Group, and Chengdu Xincheng Investment Group.

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