KangSheng Health Secures USD15 Million in B1-Round Financing For Online Diabetes Management Platform
Tang Shihua
DATE:  Oct 10 2017
/ SOURCE:  Yicai
KangSheng Health Secures USD15 Million in B1-Round Financing For Online Diabetes Management Platform KangSheng Health Secures USD15 Million in B1-Round Financing For Online Diabetes Management Platform

(Yicai Global) Oct. 10 -- Zhangshang Tangyi, a Chinese software and hardware service focusing on diabetes management developed by Hangzhou KangSheng Health Consulting Co., has obtained CNY100 million (USD15 million) in B1-round financing led by Co-Stone Capital, IDG, MatrixPartners and Ping An Ventures, online media outlet 36Kr reported today.

The service's mobile app allows patients to record their own health data and receive advice. Hospital teams working with the company provide effective and accurate illness guidance and treatment schemes to patients.

Zhangshang Tangyi began offering the 'Yihui' software-as-a-service platform last year, allowing diagnosis through data processing and the facilitation of communication regarding treatment progress between the hospital and patient.

The firm has produced a positive cash flow in regions with high permeability, said Kuang Ming, chief executive. The company's presence has expanded from the eastern provinces of Jiangsu, Zhejiang and Shanghai to multiple regions across the north and center of the country.

Zhangshang Tangyi aims to cover 1500 hospitals by 2018 with a focus on northern China.

The company is also exploring artificial intelligence applications for intelligent diagnosis and treatment platforms.

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Keywords:   FINANCING,Hangzhou KangSheng Health Consulting,Zhangshang Tangyi,Diabetes,Medicine