Digital Healthcare Tech Company DXY Raises $500M

The leading digital healthcare technology company DXY has completed a round of financing. The company raised $500 million in funding, led by Trustbridge Partners, and followed by Tencent Investment and GL Ventures.

DXY is based in Hangzhou and was founded by Li Tiantian (Chairman) 20 years ago. The company began as an online community. Today, it has built in-person clinics and delivers wellness advice or medical consultation services. Through its services, DXY is looking to strengthen the collaboration with professional doctors and enterprises by focusing on physicians and the public. It aspires to improve China's quality of life by providing professional, credible, sustained, and holistic support.

The company has some strong competition on the consumer front, as it faces strong opponents, including Alibaba Health, JD Health, and WeDoctor.

DXY has done some impressive work during the pandemic. In response to the COVID-19 pandemic, DX Doctor – a platform operated by DXY, took the lead in introducing a COVID-19 Global Pandemic Real-time Report, a major source of global data on the pandemic. Meanwhile, it promptly launched public welfare products such as science popularization and rumors refutation articles, online free consultations, and COVID-19 open classes at both physician and public ends.