China Digest: Legend Capital raises healthcare fund; Ustar nets $47m

China Digest: Legend Capital raises healthcare fund; Ustar nets $47m

An unrecognizable woman holds a prescription medication bottle while talking with a doctor during a telemedicine appointment/ Photo: VMware

Legend Capital has made the first close of the third USD-denominated China healthcare fund at $177 million. In a separate development, Ustar Biotechnologies (Hangzhou) has raised over 300 million yuan ($47 million) in its Series E+ round of financing.

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