Citing sources, Bloomberg reported last month that LinkDoc was eying to raise $500 million in IPO. The company said the proceeds of the IPO will be used to strengthen its research and development capabilities, investment, and acquisitions. LinkDoc Technology Ltd, a medical data company backed by Alibaba's health subsidiary, filed for an initial public offering in the US on Monday.ĭetails: In the F-1 filling submitted to the US Securities and Exchange Commission, the company stated that it plans to list its American depositary shares on Nasdaq under the symbol "LDOC". In 2016, LinkDoc had closed $10 million in a Series B round of financing from a group of healthcare-focused capital firms namely Ally Bridge Group, CBC Capital, and US New Enterprise Associates (NEA).Alibaba-backed medical data company LinkDoc files for US IPO - PingWest English 中文Īlibaba-backed medical data company LinkDoc files for US IPO J2:28 am “We expect to build sustainable partnerships with industries to expedite the digitalisation of the Chinese healthcare sector, facilitate commercialisation for severe diseases, and develop AI- and big data-oriented healthcare infrastructure,” it said in the statement. Its services are used in hospitals, clinics, pharmaceutical companies and government administrations, which include Chinese Medical Doctor Association, and China Society of Clinical Oncology, among others. The developer offers a repository of big data for the healthcare industry such as clinical trial, AI diagnosis and management. Since its inception in 2014, in Beijing, LinkDoc has engaged in cloud-based medical information systems and software. LinkDoc had completed a 1 billion yuan ($143 million) Series D round exclusively from state-owned China Investment Corporation in July 2018. With the latest round of funding, LinkDoc will continue to spruce up its big data service platforms and tools, the company said. The fresh round also witnessed participation from new investors namely CICC Capital, Youshan Capital and iFOF, a fund of funds of the private equity firm CBC Capital. Chipmaking Gear Specialist Lam Research Bolivia Picks CATL-led Consortium to Develop Untapped Lithium Deposits Chipmaker Hua Hong Plans $4 Billion JV to Boost ProductionĬhina Investment Corporation-backed LinkDoc Technology (Beijing) Company Limited, a provider of medical data solutions and oncology big data services, has raised 700 million yuan ($102 million) in a Series D+ round from undisclosed existing investors, LinkDoc announced on WeChat on Monday. Listing With Blank Check Company U.S.-Led Chip Talks Targeting China Closer to Deal, ASML Says China Weighs on U.S. Spying Probe Robotics Firm UBTech Files for Hong Kong IPO China’s Express Couriers Deliver Rebound in Earnings Chinese Auto Insurer Plans U.S. 2 Chipmaker Posts Record Quarterly Revenue, but Sees Slowing Growth SMIC Warns of Difficult 2023 After Fourth Quarter Slowdown Shanghai Bourse Probes AI Firms’ Stock Surge on Chatbot Fervor NFTs, Metaverse Get Digital Cold Shoulder in Beijing Baidu Talks Up ERNIE as China’s Answer to ChatGPT Yangtze Memory Kicks Terminated Workers Out of Apartments TuSimple Denies Media Report of U.S. LATEST Xiaomi Goes Toe-to-Toe With Huawei in License, Patent Disputes China Issues New Rules to Stamp Out Deceptive App Features Chinese Regulators Question Auto Supplier Over Next-Generation Battery Claims IQiyi Waters Down Plan to Cash In on Popular Feature After User Uproar Guangzhou Commits $29 Billion to Local Tech Funds Game Developer NetEase Teases Chatbot-Generated Dialogue for Mobile Release China’s No.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |