On October 10, 2019, Yabohui Dental Medical Management Group (Yabohui) announced that it had got 20 million yuan in the Pre-A round of financing, led by Xi 'an Financial Holdings Jun He Bing Yin Equity Investment Partnership. Meanwhile, Yabohui also signed a financing plan of 2.62 billion yuan with Beijing Huayatong Investment Management Co., Ltd.
Yabohui is one of the companies bringing doctors together early in the dental industry. It has four business sectors including a think-tank and incubation center, a large data center, a health management platform, and a supply chain. The company is committed to building a service platform to meet the need of the whole industry from doctors, clinics, patients, and manufacturers. It has four wholly-owned subsidiaries located in Shenzhen and Changsha.
“The financing will be mainly used for model optimization, market promotion, team construction, service upgrade, and other aspects to enter a new era of Yabohui,” said Li Xiang, the chairman of Yabohui.
In recent years, the stomatology industry has developed rapidly, and dental clinics are everywhere. The stomatology industry has a promising future. However, with the fast growth, the uncertain quality of hardware and software has brought some problems to the industry. A whole system connecting doctors, institutions, patients and supply chains can effectively solve those troubles.