China’s Ping An Insurance Group has injected a “9-digit sum” in RMB into Lenovo Smart Medical Company, 36Kr, KrAsia‘s parent company, first reported today,
The firm has been renamed Ping An Lenovo Smart Medical and is now a subsidiary controlled by Ping An.
Both parties have not disclosed the exact amount of the investment.
Lenovo Smart Medical was once an internal incubation project within the world’s largest personal computer vendor Lenovo Group, but was spun off in 2016.
Ping An was already involved in the startup’s Series A round, also a “9-digit sum” in RMB, last October.
As a company that has helped compile China’s evaluation standards for smart hospitals, Lenovo Smart Medical highlights on its website, it can provide integrated information systems, underlying cloud structure and mobile medical solutions to hospitals in the country.
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