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KEY STAT | DXY bags half a billion dollars to shore up forum for medical community

Written by Julianna Wu Published on     1 min read

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Tencent has backed DXY’s medical professional community platform since 2014.

Online healthcare service operator DXY closed its Series E funding round on Monday, securing USD 500 million from Hillhouse Capital, long-term partner Tencent, and other investors, 36Kr reported. The cash will be used to “further consolidate DXY’s core advantage in the wide network of medical professionals,” company founder Li Tiantian said to 36Kr.

Established 20 years ago as an online forum for physicians, healthcare professionals, as well as representatives of pharmacies and medical facilities to share insights and discuss clinical findings, DXY claims to have 1.3 million medical practitioners on board, according to the company’s website, making it the largest online medical community in the world.

“Basically, seven out of every nine doctors in China have a DXY account,” reads the website.

In 2012, the company began its expansion in the customer-facing direction. It has a registered user base of 5.5 million, according to the latest count. In contrast, its competitor JD Health (HKEX: 6618) has 72.5 million annual active users, Ping An Good Doctor has 67.3 million monthly active users, and AliHealth has 65 million annual active users.

Working with Tencent’s ubiquitous WeChat, DXY was the first to roll out a real-time COVID-19 information dashboard and a heat map showing confirmed COVID-19 cases for mobile users in January 2020.

Read this: Tencent expands health care investments in USD 500 million Hillhouse deal

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.

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