Binhai High-Tech Zone, Xinyue Health Tech, and VBPulse Successfully Hold Strategic Cooperation Signing Ceremony to Pioneer New Frontiers and Forge New Advantages

On November 4, 2022, the Administrative Committee of Binzhou High-Tech Industrial Development Zone, Shandong Xinyue Health Technology Co., Ltd., and VCBeat successfully held a signing ceremony for strategic cooperation on the development of the digital therapeutics industry in Suzhou.

Xiao Chunxiang, Deputy Director of the Binzhou Municipal Human Resources and Social Security Bureau and Director of the Social Insurance Center, who served as the team leader for Binzhou’s first cohort participating in the “Experiential Practical Training” program in Suzhou, delivered an opening address. The meeting was presided over by Zhou Changhao, Deputy Director of the Management Committee of Binzhou High-Tech Industrial Development Zone and head of the park group for Binzhou’s first cohort in the Suzhou “Experiential Practical Training” program. More than 20 attendees participated, including Yang Xiao, Deputy General Manager of Shandong Xinyue Health Technology Co., Ltd. and Head of its Digital Healthcare Industry Division; Bi Yuanfeng, Partner and Chief Operating Officer of Beijing Danhuang Technology Co., Ltd.; enterprise representatives; and all trainees from the experiential practical training program.

Binzhou’s First Suzhou Immersive Intensive Training Special Report Session on “New Fields and New Tracks”

Signing Ceremony for Strategic Cooperation on the Development of the Digital Therapeutics Industry

Prior to the signing ceremony, Mr. Bi Yuanfeng, Co-founder of VCBeat, delivered a special tutorial report titled “Opportunities and Challenges in the Industrialization of Digital Health.”

Mr. Yang Xiao, Deputy General Manager of Xinyue Health Technology Co., Ltd. and Head of the Digital Healthcare Division, introduced the development of the company’s digital healthcare industry. The company has currently established two core consortiums: “Medical Care, Elderly Care, and Rehabilitation” and “Research, Education, and Industry.” These encompass six foundational sectors: Binzhou Xinyue Rehabilitation Hospital, Yingshouhui Medical-Care-Rehabilitation Consortium, Wanshengyi Elderly Care Garden, Health Product R&D and Intelligent Manufacturing Base, Huangheyao Botanical Garden, and Rehabilitation Talent Education and Training. Notably, HuiShui’s CBT-I digital therapeutic has been registered in Changsha, Hunan Province. At the “2022 Future Healthcare 100 Conference,” it was listed on both the “China Innovative Digital Healthcare List” and the “Value Sector List · Digital Therapeutics,” with a valuation of RMB 2.1 billion. Research on the artificial pancreas horizontal project will advance the domestic development of closed-loop systems and their application in Type 1 diabetes, enabling children with Type 1 diabetes to benefit from advanced blood glucose control technologies. The Xinyu Project fosters a social mindset characterized by self-esteem, confidence, rationality, peace, and positivity, contributing to the construction of a high-quality, safe Binzhou based on principles of joint contribution, collaborative governance, and shared benefits.

Proactive Health Technology Industry Incubation Base

Binzhou Xinyue Rehabilitation Hospital

In his address, Comrade Xiao Chunxiang, on behalf of all participants in the Suzhou “Experiential Practical Training” program, extended warm congratulations to the three signing parties. He noted that Binzhou High-Tech Zone was established in response to China’s two major national strategies—the Yellow River Basin Ecological Protection and High-Quality Development Strategy and the Shandong Peninsula Blue Economic Zone Development Strategy—and is a provincial-level high-tech industrial development zone approved by the Shandong Provincial People’s Government. In recent years, the zone has been committed to promoting the development of the medical-nursing-health integration and digital healthcare industries. Shandong Xinyue Health Technology Co., Ltd. boasts substantial expertise in digital healthcare and digital therapeutics, while VCBeat has conducted in-depth research into the digital healthcare sector and industry. He expressed confidence that the tripartite collaboration will inject new momentum into the development of digital healthcare and digital therapeutics in the High-Tech Zone.He further pointed out that the new round of technological revolution, characterized by artificial intelligence, big data, cloud computing, and blockchain, is gaining strong momentum. Countries around the world are accelerating their strategic deployment in emerging industries to seize the initiative in fierce international competition. The cooperation among Binzhou High-Tech Zone, Shandong Xinyue Health, and VCBeat, which targets new fields, opens up new tracks, cultivates new growth drivers, and creates new competitive advantages, represents a vivid practice of thoroughly implementing the innovation-driven development strategy. It also marks the beginning of complementary strengths, information sharing, and mutual benefit among the three parties.

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"The journey is long and arduous, but perseverance leads to success. Seizing this signing ceremony as an opportunity, the Immersive Practical Training Team will continue to deeply study and draw upon the industrial park experiences of Suzhou, amplify the effectiveness of immersive practical training, and further unleash the strengths of all parties involved. With the vision of 'A City of Wisdom, Aspiring for Binzhou' and the commitment embodied in 'Knowing, Loving, and Building,' we remain steadfast in enhancing the quality of the Huanghe Yao Digital Medical Industrial Park. We strive to achieve breakthroughs across six key chains: technological R&D and innovation, incubation and commercialization, collaborative and open supply, financial capital, talent and education, and environmental support services. By consolidating a sustainable and stable value chain, we aim to empower Binzhou’s growth in the new industries and tracks of medical care and health, thereby creating the 'Binzhou Model' for ecological protection and high-quality development in the Yellow River Basin."