Data firm LinkDoc raises Series B led by China Broadband Capital

Hong Kong-based private equity firm China Broadband Capital has led a series B round in oncology-focussed big data firm LinkDoc Technology Ltd.

Ally Bridge Group, Cenova Ventures, and NEA also participated in the round.

This is China Broadband Capital’s third investment this year. It previously led a $100 million round in Qiniu, with Harvest Global Investments and Telstra Ventures as co-investors, and $10 million round in Ping++ with Linear Venture, Sequoia Capital China and Shengjing Technology.

Beijing-based LinkDoc works with big data related to oncology, the study and treatment of cancerous tumors. Over the years, cases of cancer in China have exploded. About four million people might be suffering from some form of cancer by 2020, according to estimates by the World Cancer Society.

“Big data-driven personalized medicine has become an irreversible trend in global healthcare,” said Frank Yu, founder of Ally Bridge Group, in a statement.

LinkDoc focusses on certain forms of cancer. It has a presence in more than 200 oncology hospitals in china. It has a built a huge database of patients’ medical records, which are then used for analytics that can help doctors and aid in drug development.

Oncology-related organisations have raised funding in recent times as such cases are projected to grow rapidly. That would mean the need for better drugs and innovations in treatment.

In February, drug development startup Impact Therapeutics raised $10 million from China Summit Capital, Guangzhou Yuexiu Industrial Investment Fund, Sungent Bioventure and Haibang Ventures. Last week, CITIC Private Equity Funds Management made a strategic investment in Beijing New Journey Cancer Hospital.

Founded in 2006, China Broadband Capital has become one of the most influential investors in telecom, Internet, broadband, media and technology sectors in China.

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CITIC PE invests in Beijing New Journey Cancer Hospital

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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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.