Sogou Takes Stake in Online Medical Platform Chunyuyisheng
Liao Shumin
DATE:  Mar 06 2020
/ SOURCE:  yicai
Sogou Takes Stake in Online Medical Platform Chunyuyisheng Sogou Takes Stake in Online Medical Platform Chunyuyisheng

(Yicai Global) March 6 -- Chinese search engine operator Sogou has invested in Chunyuyisheng, which claims to be one of China's first internet firms to venture into the internet + medical care sector.

Beijing-based Sougou has become Chunyuyisheng's seventh-largest shareholder, taking a 6.39 percent stake for an undisclosed sum, according to corporate information platform Tianyancha.

The online medical treatment platform's operator, Beijing Chunyu Tianxia Software, updated its company registration information today to add a new shareholder, Beijing Sogou Information Service, and a new director, Sogou Chief Executive Wang Xiaochuan, Tianyancha's records show.

Founded in July 2011, Chunyuyisheng has a registered capital of about CNY27.5 million (USD4 million), and was providing medical care solutions to more than 200 million users as of the end of December, according to its website.

Chunyuyisheng started offering free online clinical treatment services on Jan. 25 amid the novel coronavirus outbreak, and 19,623 doctors had given free online medical consultations to more than 1.22 users via its platform as of 3.00 p.m. on Feb. 19, the platform said earlier.

Sogou's stock price [NYSE:SOGO] closed 2.7 percent lower in New York yesterday at USD3.94. The benchmark NYSE Composite Index fell 3.2 percent.

Editor: Peter Thomas

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Keywords:   Sogou,Investment