HONG KONG (Nikkei Markets) -- China's We Doctor Holdings on Wednesday said it raised $500 million from investors led by life-and-medical insurer AIA Group and construction-and-logistics-services provider NWS Holdings, saying the financing marked the largest pre-initial public offering fundraising in the nation's technology-based medical and healthcare sector.
The fund-raising will take WeDoctor's valuation to $5.5 billion on completion, the company, which is backed by internet services major Tencent Holdings, said in a statement. WeDoctor said existing shareholders and new investors such as CICFH, also participated in the fundraising, without providing specific details about the investment amounts and changes in its ownership structure.
