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Ping An Raises $1 Billion for Healthcare Management Unit

publication date: Jan 18, 2018

China’s Ping An Insurance Group raised nearly $1 billion in a pre-IPO round for Ping An Healthcare Management, an open platform for healthcare services such as medical treatment, social health insurance (SHI) and drug distribution. The funding values the business at $8.8 billion. Ping An Healthcare Management plans a Hong Kong IPO later in 2018. It will follow an IPO, also in Hong Kong, for Ping An Good Doctor, a mobile site that provides diagnosis and schedules doctor visits. Reuters, which released the news, said Ping An did not confirm the reports. More details....

Stock Symbols: (SHA: 601318; HK: 2318)

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