Home Xiaocheng Completes Nearly RMB 100 Million Series A Funding Round, Spearheading Digital Transformation in Elderly Care and Medical Services

Xiaocheng Completes Nearly RMB 100 Million Series A Funding Round, Spearheading Digital Transformation in Elderly Care and Medical Services

Apr 06, 2023 08:00 CST Updated 08:00

VCBeat has learned that Tianjin Xiaocheng Pension Industry Development Co., Ltd. (“Xiaocheng”) has recently completed a Series A financing round of nearly RMB 100 million. The round was led by a prominent industrial investor, with participation from institutions including Citron Capital.


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Through this round of financing, Xiaocheng will build upon its current closed-loop elderly care ecosystem integrating “products + services + digitalization,” continuously advance the comprehensive digital deployment across all elderly care service scenarios, and strengthen the implementation and promotion of new smart elderly care models. This will further expand its advantages in age-appropriate product research and development, health and wellness service expansion, and digital platform innovation. By empowering core services with digitalization and shaping the future of smart elderly care through technological innovation, Xiaocheng aims to continually meet users’ multi-level and personalized elderly care needs, thereby facilitating the digital transformation and upgrading of the elderly care industry.


Xiao Cheng is a provider of digital healthcare solutions that integrates “smart elderly care products, elderly nursing services, and a digital medical-care platform.” Since its establishment, the company has consistently upheld its mission to “serve society, lead innovation, and ensure that all elderly individuals have support and enjoy a high quality of life.” With the vision of “becoming a leading brand in China’s big health and elderly care industry,” Xiao Cheng has deeply cultivated the smart elderly care sector, gradually forming a development pattern anchored in Northern China and extending its reach across the country.


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To enhance service quality, Xiaocheng integrates digital technologies with professional medical and elderly care nursing services,Continuously build a diversified, specialized, and high-quality elderly care service system; during the development process, continuously enrich the product portfolio through technological innovation, gradually achieve scaled chain operations, further expand medical-nursing integrated care services, and ultimately form a comprehensive solution capable of efficiently meeting the high-frequency, interactive needs throughout the entire lifecycle of seniors’ home-based care.Xiao Cheng leverages its self-developed digital management platform to precisely integrate the elderly care service chain, efficiently connecting both supply and demand sides.Highly aligned with user needs, it ensures traceability of the service process, controllability of service risks, and responsiveness to service feedback, effectively enhancing service efficiency and satisfaction, promoting high-quality development of elderly care services, and helping seniors enjoy a high quality of life.


In product R&D, Xiaocheng is committed to making professional, smart elderly care products accessible to more families.Over time, it has gradually developed into an integrated entity encompassing product research and development, multi-dimensional supply, project operations, and elderly care services. Grounded in the needs of elderly care, it has established a diversified product and business system that includes the R&D of intelligent medical and nursing products, rental of rehabilitation assistive devices, and the construction of digital home-based care beds. To date, Xiao Cheng has launched over 100 types of health and wellness products, covering smart wearables, telemedicine, health monitoring, and home safety. These products are applied across various settings, including homes, hospitals, and elderly care institutions, comprehensively meeting the health and wellness needs of seniors who are disabled, semi-disabled, or living with dementia, as well as those suffering from various chronic or critical illnesses. Among them,The practical implementation of smart products has effectively enhanced the sense of security and comfort for elderly users, and it also constitutes a crucial component of Xiao Cheng’s digital strategy and supply chain optimization.


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Xiaocheng leverages digitalization as a means, by establishing platforms and accumulating data, to build an integrated standard system for management services that link “online” and “offline” operations, thereby leveraging this as a strategic lever to create a virtuous ecosystem where products and services mutually reinforce each other,Building a Full-Chain Commercial Closed Loop for Smart Elderly Care. To meet the diverse needs of the elderly,Leveraging digitalization as a means to conduct multi-dimensional exploration, Tianjin Kanghu Pension Industry Development Co., Ltd. has strengthened its strategic layout and actively explored frontier areas such as AI intelligence, exemplified by elderly care robots.Based on the types of elderly needs that robots can address, they can be categorized into caregiving robots, rehabilitation robots, and companion robots. For robots designed for the elderly, it is imperative to first ensure that they are accessible, usable, trustworthy, and desirable for older adults. Only by meeting the needs of the elderly can China accelerate the transformation of research achievements and practical implementation of health and wellness robots, thereby helping more seniors maintain their vitality and broaden their horizons in their later years.The future begins with the first step, and technology serves reality. Xiaocheng elderly care nursing robots will enrich elderly care scenarios through intelligent means and continuously strengthen the elderly care value chain.


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The injection of capital undoubtedly reflects the cross-perspective consensus in the capital market on Xiaocheng’s immense development potential, and also serves as an affirmation and incentive for Xiaocheng’s existing business model and its developmental achievements to date.Industrial investors stated that Xiaocheng has rapidly distinguished itself in the field of medical and elderly care through its dedication to service quality and product innovation. They hope that this investment will accelerate Xiaocheng’s expansion in the digital elderly care sector, injecting new vitality into the broader health and wellness industry for seniors.In light of China’s rapidly aging population, Kanghu will continue to focus on elderly care services in its future development. Rooted in the field of smart elderly care, it aims to address the most urgent health and wellness challenges faced by seniors. By actively exploring the development of elderly nursing services in the new era, driving continuous innovation, and leveraging technology, Kanghu seeks to create a new model for elderly care operations and management, while fostering new formats of elderly care services.Contributing to the upgrade of digital and smart elderly care models.