YunTai Network Secures Nearly RMB 1 Billion Additional Investment from China Electronics Health Industry Fund

VCBeat (WeChat: vcbeat) has learned that Yuntai Network, an operator of the internet healthcare ecosystem, announced today that it has secured an additional investment in the hundreds of millions from the CEC Health Industry Fund.

Yuan Yu, Founder and Chairman of Yuntai Network, stated that in 2019, Yuntai Network entered a phase of accelerated scaling. The additional investment will be primarily allocated to the development and upgrading of various businesses, including internet hospitals; the analysis and exploratory application of healthcare big data; and the further construction of an internet healthcare ecosystem service system with both depth and breadth.

Less than seven months after securing over RMB 100 million in strategic investment in May, led by CEC Health Industry Fund with participation from Lansheng Investment, Yuntai Network has once again received a significant additional investment from CEC Health Industry Fund. It is reported that since its establishment, Yuntai Network has completed four rounds of financing, with the cumulative funding amount reaching nearly RMB 300 million in the past six months.

Behind the frequent favor from state-backed capital lies Yuntai Network’s steady and pragmatic development model, as well as its precise grasp of policy directions and market demands.

In 2013, Yuntai Network was incubated by Hundsun Technologies, a financial IT company. Its pioneering mobile healthcare technology, built to financial-grade security standards, has become the hallmark of this internet healthcare enterprise. Adhering to policy guidance, Yuntai Network chose to embed itself within physical hospitals, streamlining the various complex steps of the medical care process, while strictly safeguarding the information security critical to patients' lives and health. Leveraging robust technical security capabilities and deep operational expertise, Yuntai Network rapidly distinguished itself in the industry. It has currently established in-depth collaborations with over 700 large and medium-sized hospitals across China, earning recognition from many leading institutions such as Peking Union Medical College Hospital, with its business coverage extending to 26 provinces (municipalities/autonomous regions). Although not an early entrant to the market, Yuntai Network has demonstrated remarkable growth speed and is regarded by the industry as an internet healthcare brand with significant development potential.

Healthcare big data is a crucial strategic national resource, while public hospitals serve as the core scenarios for the implementation of the healthcare big data industry. Amid the booming development of “Internet + Healthcare,” the increased investment by CEC Health Industry Fund—the national team’s fund for the healthcare big data sector—in Yuntai Network clearly reaffirms the state-backed investors’ determination to sustain their commitment and growth in the public hospital sector. Consequently, both parties have established a closer and more long-term strategic partnership, joining forces to conduct in-depth exploration and expansion in the application of healthcare big data.

It is reported that Yuntai Network has continuously expanded its business layout while deeply optimizing in-hospital scenarios. Currently, it offers diversified product solutions, including an internet hospital, a regional cloud hospital, the “Cloud Pharmacy” prescription circulation platform, a national medical health platform, and a specialized chronic disease management platform, achieving comprehensive coverage of both online and offline healthcare scenarios.

“Effective ecological synergy and in-depth ecological operational capabilities are important driving forces for the sustainable development of internet healthcare, as well as key levers for the development of the health and medical big data industry,” stated Yuan Yu. On one hand, Yuntai Network is deeply rooted in physical hospital scenarios, helping hospitals address pain points and bottlenecks through efficient operations, thereby achieving service extension and upgrades. On the other hand, it adopts an open model to integrate services from over 6,000 hospitals across China. Based on interoperable information and data, it connects resources from more than 100 upstream and downstream service providers in the medical industry, including healthcare, pharmaceuticals, insurance, medical devices, banking, and third-party payment sectors, forming a beneficial supplement to the traditional medical system. Currently, Yuntai Network has accumulated hundreds of millions of users through its convenient smart healthcare services.

In the future, Yuntai Network will continue to refine its core strengths, open up collaborations with public hospitals and various industries, and jointly build a new landscape of the internet healthcare ecosystem with internet hospitals as the operational hub, thereby making high-value, high-quality, and more equitable and accessible medical and health services benefit more people.