AsiaInfo Data Files IPO Prospectus Highlighting Smart Healthcare Ecosystem Serving Over 500 Million Medical Records

During the Spring Festival, the surge of people returning to their hometowns coincided with the COVID-19 outbreak, causing the epidemic to spread from isolated cases to widespread community transmission. Although the situation has improved at this stage, it remains severe due to the impending waves of workers and travelers returning to their places of employment and residence.

High population mobility has made control efforts increasingly difficult. Leveraging its technological advantages in the big data sector, AsiaInfo Data Co., Ltd. (hereinafter referred to as “AsiaInfo Data”) rapidly developed the “Smart Funan APP Epidemic Prevention and Control System” within a very short timeframe. This system assisted the government in managing epidemic prevention and control during the COVID-19 outbreak by conducting online, “contactless” population mobility surveys.

This is a free, convenient tool provided to local governments for managing population mobility during the pandemic. Its features include nationwide (local) epidemic inquiries, applications for travel and returnees, review of travel and returnee applications (including PC-based processing), and issuance of travel certificates.

This project is independently managed by regional governments, providing government-certified documentation for individuals traveling outside their local areas, which can be queried and verified by personnel at checkpoint management stations. Additionally, AsiaInfo Data has developed a “Pandemic Prevention and Control” functional module that can be integrated into other applications.

Currently, AsiaInfo Data has provided technical support to Funan County in Fuyang City, Anhui Province, enabling its 1.75 million residents to apply for travel permits. Among them, 62,427 applications were submitted for approval, with 51,089 approved and utilized, thereby meeting the needs of the local government and the public for real-time interaction.

AsiaInfo Data, established in October 2014, is one of the most competitive providers of products and services in China’s government big data sector.

At that time, AsiaInfo Group began its strategic transformation, first proposing the new economic form of the Industrial Internet, and established AsiaInfo Data, which focuses on the big data sector.

As one of the first Chinese high-tech companies listed on NASDAQ, AsiaInfo Group—hailed as “the architect of China’s Internet”—has remained in the spotlight, whether through its 2014 announcement of privatization and delisting from the U.S. market or its second listing bell-ringing ceremony at the Hong Kong Stock Exchange four years later.

Technology is the core strength of AsiaInfo Data. Within its team of hundreds, more than 85% are dedicated technical professionals, endowing the company with big data technologies and service capabilities spanning the entire industry chain—from data collection, cleansing, governance, and integration to data analytics and application services, as well as information security and privacy protection.

High-end think tank resources are also a hallmark of AsiaInfo Data. Leveraging premium intellectual resources from institutions such as the Development Research Center of the State Council, Peking University, Renmin University of China, the National Academy of Governance, and Xinhua News Agency, AsiaInfo Data is able to accurately capture new policies, concepts, achievements, and trends in the industry at all times, providing the most authoritative, cutting-edge, comprehensive, and effective think tank services for local smart healthcare initiatives.

As an "enabler" of big data applications, AsiaInfo Data’s ultimate goal is not to own the data itself, but to help customers create value by leveraging big data.

Zhang Hao, Chairman and CEO of AsiaInfo Data, stated, “AsiaInfo Data is a partner that helps customers create data value. This is our unwavering pursuit.”

Healthcare is a key business segment of AsiaInfo Data for the government sector.

Healthcare, as a vital sector affecting people’s livelihoods, is a key priority for government work and a major source of public concern. Persistent challenges such as difficulty in accessing medical care, high costs, the “three long waits and one short consultation” phenomenon, over-treatment, and insurance fraud have emerged repeatedly, seriously impacting social stability and development. Meanwhile, with the accelerated pace of industrialization, urbanization, and population aging, along with changes in disease patterns, ecological environments, and lifestyles, as well as the growing influence of food safety and pharmaceutical technological innovation, the health needs of urban and rural residents have become increasingly multi-layered and diversified.

As residents’ awareness of self-health care continues to strengthen, their expectations for health are rising, and the demand for convenience and accessibility in medical and health services is becoming increasingly urgent. In response, the Chinese government launched supply-side reforms in healthcare services starting in 2009, centered on the “tri-medical linkage” (integration of medical care, health insurance, and pharmaceuticals). From the outset, informatization was positioned as one of the “four beams and eight pillars” constituting the top-level framework of these reforms.

Based on this, AsiaInfo Data has designated healthcare as a key focus area since its inception. With the aims of supporting healthcare reform, optimizing healthcare service processes, and improving public health, the company leverages information technologies such as cloud computing, big data, and artificial intelligence to assist government bodies and healthcare institutions at all levels in delivering continuous, lifecycle-spanning healthcare services, thereby meeting residents’ medical needs.

AsiaInfo’s data business focuses on management within the healthcare sector. In Zhang Hao’s view, healthcare management encompasses two levels: government oversight of hospitals and internal hospital management, with the scope of government regulation gradually expanding. However, healthcare big data is characterized by disorder, heterogeneity, and vast volume. Standards, data structures, and formats vary significantly, making reliance solely on government efforts insufficient.

The government needs a cohort of technical professionals with strong medical expertise and robust data integration capabilities to help understand the role and application of healthcare big data. These experts should leverage technology to identify data-related issues and then provide services to the public through data analysis, collection, and integration.

As an urban operations service provider, AsiaInfo Data can tailor its approach to local conditions, design business models rationally, open up data resources in a secure and orderly manner, and provide cities with specialized business operations and value-added services.

AsiaInfo Data has successively undertaken regional smart healthcare projects in Xianyang, Fuyang, Zhongwei, Weifang, and other cities, linking more than 15,000 medical and health institutions at all levels, serving over 140,000 health professionals of various categories, reaching a total population of more than 25 million, and accumulating over 500 million patient visit records.

Xianyang’s smart city initiative is a typical example among AsiaInfo Data’s many partners.

In 2015, AsiaInfo Data entered into a strategic partnership with the Xianyang Municipal Government to comprehensively advance the construction of medical informatization and health card application projects across the four tiers of city, county, township, and village in Xianyang. Jointly investing with local state-owned enterprises, AsiaInfo Data established a dedicated project company, Xianyang AsiaInfo Rongchuang Technology Co., Ltd., to provide end-to-end technical support for the construction and operation of the entire smart healthcare and all-in-one card system.

Currently, the project has established a national health information platform that connects all public medical and healthcare institutions across the city, including six tertiary hospitals, more than 40 secondary hospitals, over 200 community health service centers and township health centers, and more than 3,000 village clinics. Electronic health records have been created for over 4.7 million residents of Xianyang.

A tiered diagnosis and treatment system has been established for medical and health service institutions at all levels. For health administrative authorities, a six-theme indicator system centered on “Medical Services,” “Public Health,” “Drug Management,” “Healthcare Security,” “Health Resources,” and “Comprehensive Management” has been developed to provide the most direct and up-to-date data support for health-related decision-making.

Catering to the public, AsiaInfo Data has also improved the local “Internet + Healthcare” service system. Through the Resident Health Card, it has achieved universal access across all networked hospitals in the city for registration, diagnosis and treatment, examinations and tests, payment and medication dispensing, and cooperative medical reimbursement. More than 4.2 million Resident Health Cards have been issued to date, with a coverage rate exceeding 85%. This model has been successfully replicated in Anhui, Shandong, and other regions.

Zhang Hao recalled that prior to the development of smart healthcare, Xianyang City had a very low level of informatization, with some township and county-level hospitals having virtually no IT infrastructure. Through several years of effort, Xianyang’s smart city initiative has been hailed as the “Xianyang Model” for informatization development in the developed regions of central and western China. Xianyang has also become a national demonstration city for information-based public welfare and a dual pilot city for smart city development in Shaanxi Province.

Zhang Hao believes that Xianyang City was able to stand out among numerous smart cities for two reasons:

First, it possesses a first-mover advantage.While other cities were still in the phase of building smart city hardware, the Xianyang Municipal Government entered into a cooperation agreement with the National Development and Reform Commission (NDRC), focusing on intelligence-driven development and leveraging big data services to address critical public livelihood issues.

During this process, the local government’s perception of big data evolved from initial unfamiliarity to understanding, acceptance, and ultimately recognition.

Second, changes in the mode of collaboration.Only by transforming from the traditional manager-managed and service provider-recipient relationships into a new type of partnership characterized by shared benefits and risk-sharing with the government can smart healthcare achieve long-term, sustainable development. AsiaInfo Data’s urban operation service model is centered on data resources, establishing an operational service system that spans data aggregation and governance, application sharing, integrated growth, and value realization, thereby truly achieving comprehensive lifecycle management—covering both initial deployment and ongoing maintenance.

In 2019, at the “2019 National Smart City Typical Solutions” event organized by the Department of Informatization and Software Services under the Ministry of Industry and Information Technology, Xianyang’s smart city case was ranked among the top ten in public-benefit services.

As a leading big data enterprise in China, AsiaInfo Data has always focused on the construction of urban big data platforms. It has signed strategic cooperation agreements with industry leaders such as Baidu AI Platform, Times China, and Alibaba Cloud, fostering a collaborative ecosystem characterized by joint participation, complementary strengths, and shared outcomes. This enables AsiaInfo Data to provide optimal industry application solutions for smart healthcare development.

It is worth noting that since 2019, AsiaInfo Data has been focusing on the medical insurance sector. In response to challenges such as low utilization rates of local medical insurance funds, persistent insurance fraud, and difficulties in government supervision, AsiaInfo Data independently developed the “Aura” artificial intelligence platform and established an AI-powered intelligent risk control service platform for medical insurance.

The platform leverages big data technology to assist governments in combating insurance fraud, mitigating potential operational risks to medical insurance funds, effectively curbing unreasonable expenditures while ensuring the quality of medical services, improving the efficiency of fund utilization, and alleviating local fiscal pressures.

Zhang Hao revealed that, in the future, AsiaInfo Data will continuously strengthen the governance and innovative application of healthcare big data. Under the premise of ensuring data security and privacy protection, the company will work with government bodies and partners to build a sustainable ecosystem for healthcare service operations. It will actively explore value-added services in healthcare big data operations, thereby supporting governments at all levels in effectively advancing the “Three-Medical Linkage” healthcare reform, while fostering new business formats and injecting new momentum into local economic and social development.