China’s online healthcare service provider Guahao, which later renamed to We Doctor Group, has raised another $20 million from Shanghai-listed real estate developer Shandong Tyan Home, ChinaMoneyNetwork is reporting.
The news comes just months after the company managed to secure a mammoth round worth $394 million, led by Hillhouse Capital and Goldman Sachs. Even before that, Guahao We Doctor Group didn’t have problems raising millions, with Tencent Holdings investing $106.5 million in October 2014.
Established in 2010, Guahao.com claims to have over 100 million registered users and 190,000 doctors using its products. Last year, it has provided 270 million services to patients and doctors, mostly making online doctor appointments and online medical consulting.
In 2016, the company plans to secure additional $300 million to enroll one million doctors at small Chinese cities and counties to expand its network. On top of that, it will also need $150 million to establish five surgery centers in China, and introduce other mobile apps and online services to patients.