Southeast Asian ride-hailing giant Grab is entering a joint venture with Hong Kong’s Ping An Good Doctor to offer medical services including artificial intelligence-assisted online medical consultations, medicine delivery and appointment bookings.
The service will tap on Grab’s digital wallet GrabPay to register transactions, and launches in the first quarter of 2019.
Hong Kong-listed Ping An Good Doctor is affiliated to Ping An Capital, one of Grab’s investors in its most recent round of fundraising.
According to a statement by Grab, this is the first such venture to operate regionally and will involve governments, hospitals and doctors to ensure local market needs are met.
The partnership seems to be a win-win for both.
As one of the top online healthcare players in China, Ping An offers Grab access to its online healthcare expertise and over 200 million users. Meanwhile, Grab presents Ping An an opportunity to enter a Southeast Asian network of 225 cities across 8 countries. This is also a region with rapidly growing healthcare needs.
In Indonesia, there is only one physician for nearly 5,000 people, compared to higher-income countries with up to three or four physicians per 1,000 people.
The Good Doctor partnership comes hot on the heels of the launch of GrabFresh and GrabPlatform, two services aimed at expanding Grab’s core business beyond ride-hailing.
GrabFresh is an on-demand grocery delivery service in partnership with HappyFresh, one of Southeast Asia’s largest grocery delivery services. GrabPlatform allows partners like Ping An and more recently Yahoo, join hands with Grab to access their payments, logistics and transportation network.
While Grab has refrained from providing figures on its current valuation, reports have estimated the company to be worth as much as $10 billion.