(Yicai Global) April 10 -- We Doctor Group (Zhejiang) Co. is working on its USD5 million pre-initial public offering and will list in Hong Kong at the end of the year if it meets its funding goals, said Chen Hongzhe, chief strategy officer of the Chinese online healthcare unicorn.
We Doctor is planning a spin-off listing, Chen said, adding that after completing its pre-initial public offering, the company will reorganize its four business segments -- We Doctor Cloud, We Healthcare, We Medicine and We Medical Insurance -- for a clearer internal structure. It will also work with overseas companies to expand its market abroad, China Business Journal reported today.
Among its four business segments, We Doctor Cloud is a smart healthcare cloud platform serving the entire healthcare industry. We Healthcare is the entity that conducts its businesses and operates bases, outlets and terminals. We Medicine is a medical information-sharing platform focused on prescription sharing. We Medical Insurance is an online health insurance platform.
Founded in 2010 and formerly known as Guahao.com, We Doctor provides online appointments, diagnoses and consulting services and has continually expanded along the medical sector chain. It completed five rounds of financing prior to its pre-IPO, thereby raising over USD500 million. The platform supplies services to over 110 million users in 30 provinces across China, connecting more than 2,700 hospitals, and has a staff of over 220,000 online doctors, public information shows.