Mingyi Online Unveils 'Digital-Intelligent TCM' Strategy with 'Ming Taiyi' Clinics, Filing IPO to Advance Integrated Traditional Chinese Medicine Ecosystem

From May 5 to 7, 2023, at the "7th Future Healthcare Top 100 Conference" held in Shanghai, Mingyi Online won the 2023 Future Healthcare Annual Innovative Enterprise Award.Shortlisted for the "Top 100 China Digital Healthcare List"。

As the largest and most information-rich ecosystem conference integrating industry and capital within China’s healthcare innovation sector, the Future Healthcare Top 100 Conference sets the direction for innovation and investment in the country’s healthcare field. The honors received by Mingyi Online at this event fully demonstrate the recognition from both the industry and society of its digital-intelligent medical capabilities and innovations in healthcare service models.

Figure 1. “Famous Doctor Online” Wins China’s Innovative Digital Healthcare List

It is reported that,Famous Doctors OnlineOver the past decade of rapid development in the healthcare industry, we have keenly perceived and aligned with the historical pulse, leading the way forward. With deeper understanding, we have come to profoundly appreciate Mingyi Online’s forward-looking market judgment and strong execution capabilities.

Famous Doctors OnlineThe initial strategic focus was on health science communication, disseminating medical and health knowledge through videos. With tens of millions of articles and Q&A entries, the platform addressed followers’ and patients’ health-related needs, including medical consultation and medication guidance, thereby entering the “Internet + Healthcare” sector through this business model.Famous Doctor Online, rapidly gaining mainstream attention and accumulating a substantial base of target users and high-quality physician resources. It empowers patients and users to take charge of their health management and raises awareness of the TCM principle of “preventive treatment of disease.”

By 2017,Famous Doctors OnlineOver 200,000 popular science videos have been launched, accumulating millions of followers.Famous Doctor OnlineSeizing the opportunity to integrate converged media with health services, the business model underwent its first transformation. At this point,Famous Doctors OnlineHas unknowingly collaborated with over 20,000 high-quality doctors, accumulating extensive doctor-patient resources,Famous Doctors OnlineMaking a clear decision to embark on the enterprise's future by deeply cultivating niche segments within the healthcare industry—Traditional Chinese Medicine (TCM) Sector。

Famous Doctor OnlineAs early as 2019, before Traditional Chinese Medicine (TCM) gained widespread popularity, the company had already focused its strategic development goals on the TCM big health industry and has consistently maintained“Precision Science Communication” “Precision Medicine”service philosophy. In recent years, with the application of new technologies and the rapid interaction enabled by the internet, the traditional Chinese medicine (TCM) industry has undergone significant transformation. Not only have relevant policies become increasingly refined, but as service boundaries continue to expand, the industry is also gradually moving toward standardization.

It is reported that by 2019, Mingyi Online had accumulated over 300,000 video content pieces and collaborated with more than 40,000 doctors. The platform assisted doctors in building their personal intellectual property (IP) across the entire internet, creating a closed-loop traffic system between public and private domains. This approach not only addressed patient needs but also helped doctors achieve transparent and diversified income streams. In response to doctors’ demands for professional skill enhancement, the platform established scenarios for peer exchange and communication.

Building on years of advocating “popular science education” and promoting “proactive health for all,” Mingyi Online has deeply cultivated digital and intelligent innovation and practice in traditional Chinese medicine (TCM). By 2023, after years of scientific research and development and practical application, it had established a distinctive digital-intelligent closed-loop medical service system covering the entire care journey. This system integrates ten core components—including an intelligent diagnostic system, an internet-based consultation system, a Clinical Decision Support System (CDSS), a specialized disease big-data diagnostic system, and a TCM supply chain with traceability capabilities—to provide patients with comprehensive whole-course diagnosis and treatment services. These services encompass initial consultations, follow-up visits, expert multidisciplinary consultations, nationwide pharmaceutical supply and distribution, medication management, and health management. To date, Mingyi Online has collaborated with more than 80,000 physicians and possesses the capacity to serve over ten million patient visits annually.

Mingyi Online focuses on two core missions: “Precision Health Education” and “Precision Medicine.” Staying true to its original aspiration, it has overcome countless obstacles and surged through towering waves, emerging as a pioneering trailblazer carving new paths.

In recent years, the national government has issued 14 policies related to Traditional Chinese Medicine (TCM), providing unprecedented support for the development of the TCM industry. Beyond policy guidance, the ever-evolving health demands have also expanded the potential for TCM. It is reported that in the “main battlefield” of TCM—chronic disease management—China currently has as many as 300 million patients, a number that is rising rapidly. According to World Health Organization projections, by 2030, the number of people in China suffering from one or more chronic diseases will more than triple compared to current levels. Frost & Sullivan estimates that by 2030, the market size of China’s TCM big health industry will reach RMB 1.803 trillion, with a compound annual growth rate (CAGR) of 29.4%.

This is undoubtedly a sector brimming with imaginative potential, yet behind this imagination lie unresolved challenges currently facing the industry. For instance, in the diagnosis and treatment phase, Traditional Chinese Medicine (TCM) still grapples with pain points such as the difficulty of standardizing diagnostic and therapeutic processes, the requirement for initial consultations to be conducted in person, insufficient informatization in TCM, and inadequate decision-support tools for primary-care TCM practitioners. Taking standardization as an example, traditional TCM diagnosis relies on the four methods of “inspection, auscultation and olfaction, inquiry, and pulse-taking.” However, diagnostic outcomes vary significantly among individuals and are heavily dependent on physicians’ clinical experience, leading to substantial discrepancies in diagnoses of the same case by different practitioners.

In addition,The rational allocation of high-quality traditional Chinese medicine resources is also a major challenge.. From an industry data perspective, China currently faces a substantial shortage of traditional Chinese medicine (TCM) physicians. Moreover, a large proportion of these practitioners are concentrated in first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, making it difficult to extend services to grassroots levels where healthcare demand is greater.

In the face of these challenges, every individual within the traditional Chinese medicine (TCM) industry is seeking solutions, andThe increasingly mature digital technologies in recent years may represent a breakthrough.. However, how to better integrate digital technology with TCM diagnosis and treatment scenarios is a major challenge currently facing the TCM industry. As one of the earliest entrants into the internet healthcare sector with mature experience, Mingyi Online has clearly provided its own answer.

Mingyi Online leverages its independently developed digital and intelligent full-process medical service system to help physicians deliver higher-quality, more efficient diagnostic and therapeutic services, while providing clinical decision support. Meanwhile, on the basis of delivering professional health education to patients, it has built a diagnostic and treatment service platform that offers personalized, full-cycle medical services spanning prevention, healthcare, diagnosis, treatment, rehabilitation, and convalescence.

Figure 2. Main interface of the Mingyi Online mobile healthcare platform

Therefore, not onlyFamous Doctors OnlineChoosing Traditional Chinese Medicine is a mutual commitment between the two.Famous Doctors Online, once again winning at the starting line of changing times.

On February 28, 2023, the General Office of the State Council issued“Notice on the Implementation Plan for Major Projects to Promote the Revitalization and Development of Traditional Chinese Medicine”(hereinafter referred to as the “Plan”), which clearly specifies the need to accelerate the development of the seed industry for Chinese herbal medicines, actively carry out construction to meet standards for informatization infrastructure in traditional Chinese medicine (TCM) hospitals, and promote the development and pilot application of universal electronic information systems in TCM hospitals.

Figure 3. Scene from the Ming Taiyi New Year Sharing Session

And in this"Plan"The first two weeks after release,Famous Doctors OnlineA New Year sharing session themed “Developing Digital-Intelligent Traditional Chinese Medicine to Empower the TCM Industry” was held in Beijing, where a new emerging brand—“"Famous Imperial Physician" Digital Intelligence TCM Clinic, providing in-depth, multi-dimensional empowerment to the TCM big health industry.

It is reported that,“Famous Imperial Physicians” Digital Intelligence TCM ClinicBy leveraging the company’s advantages in “expert physician resources,” “online and offline traffic operations,” “centralized supply chain procurement and quality control,” “industry chain platform,” and “AI technology and applications (including AI-driven Traditional Chinese Medicine, clinical decision support systems, and medical big data applications),” we will establish a scale advantage for digital-intelligent TCM clinics.

The Mingyi Online platform currently boasts a substantial cumulative patient base. Leveraging an intelligent consultation system, the consultation process is streamlined and convenient, enabling patients to quickly complete precise online follow-up visits based on diagnostic outcomes and actual needs. The establishment of the "Ming Taiyi" Digital Intelligence Traditional Chinese Medicine Clinic allows patients to selectively undergo initial and follow-up consultations through both online and offline channels, thereby addressing the healthcare needs of elderly individuals who are unable to use smart terminal devices.

Figure 4. Conceptual Diagram of Ming Taiyi’s Digital-Intelligent TCM Clinic

On March 30, 2022, the National Administration of Traditional Chinese Medicine and nine other departments jointly formulated the “14th Five-Year” Action Plan for the Project to Enhance Traditional Chinese Medicine Service Capacity at the Primary Care Level. The plan states that by 2025, TCM halls in community health service centers and township health centers will achieve full coverage, and regions with the necessary conditions are encouraged to complete the development of service connotations for 15% of these TCM halls. This means that in the next three years, more than 10,000 TCM halls will be established in China, and“Famous Imperial Physicians” Digital Intelligence TCM ClinicWe will also accelerate expansion to meet market demand.

It is understood that Mingyi Online, as a practitioner in the field of digital health, has always adhered to the service philosophy of making medical care “easy, accurate, and affordable” for patients. Mingyi Online plans to establish over 1,000 offline “Ming Taiyi” Digital-Intelligent Traditional Chinese Medicine (TCM) Clinics across China within the next three years. On one hand, it focuses on providing digital and intelligent solutions for the entire healthcare industry, building an intelligent health service platform; on the other hand, it offers patients a full-process, closed-loop, digital-intelligent diagnosis and treatment service featuring “initial offline consultations, online follow-up visits, expert consultations for complex cases, central pharmacy services, nationwide delivery, and access to renowned medical experts.”

Mingyi Online takes “leveraging digital intelligence in Traditional Chinese Medicine (TCM) to bridge the urban-rural healthcare gap and share resources of renowned physicians, while promoting TCM culture and preserving this national essence” as its corporate vision, thereby facilitating the global expansion of TCM and promoting Chinese culture.

Guided by the Healthy China strategy, innovation in Chinese medical services and medical technology is poised for rapid growth. Mingyi Online looks forward to collaborating with more outstanding partners to foster shared development and keep pace with the times, jointly enhancing the accessibility and effectiveness of medical resources, and collectively driving the high-quality, innovative development of digitalization and intelligence in China’s healthcare sector.