Yiou Health Secures RMB 10 Million in Angel Funding to Deepen Focus on Industrial Internet
(Yiou Healthcare Core Team: Operations Director Liang Yongsheng, Editor-in-Chief Guo Mingzi, President Gao Ang)
Today, EO Healthcare, a subsidiary of EO Intelligence, announced that it had secured RMB 10 million in angel financing. Qiaojing Capital led the round, with Zhenghe Huitong participating as a co-investor. With this new funding, EO Healthcare will further expand its team and deliver more professional online and offline products and services to users and clients, aligning with the broader direction of internet-enabled solutions in the healthcare industry.
EO Healthcare positions itself as the most dynamic technology and industrial innovation service platform in China’s healthcare sector. Currently, its core businesses include healthcare technology media, healthcare industry business conferences, and healthcare industry research and consulting. Catering to B-side stakeholders in the healthcare industry, the platform delivers high-quality online products such as industry content curation, video programs, industry research, and consulting services, while also organizing premium offline business events that focus on key segments of the industrial chain, attract significant market attention, and embody an international perspective.
It is reported that this is the second subsidiary under EO Intelligence to announce fundraising after EO Auto secured funding in November 2018. On the basis of ensuring alignment in cultural values, EO Intelligence grants equity stakes and independent operational authority to core team members of its subsidiaries, with an agreement that as the subsidiaries perform better, their teams will gain greater control and tangible benefits. Gao Ang, Vice President of EO Intelligence, will serve as President of EO Health; Guo Mingzi will serve as Editor-in-Chief; and Liang Yongsheng will serve as Head of Operations. Currently, EO Health has a team of more than 10 people, which is expected to expand to over 20 by 2019.
Huang Yuanpu, founder of EO Intelligence, stated that facilitating financing for more channels or business units and spinning them off as independent subsidiaries is a strategic decision for EO Intelligence. First, content channels are highly dependent on talent, yet the industry is characterized by high employee turnover; therefore, restructuring incentive mechanisms is essential to achieve the goal of building a larger and stronger organization. Second, the industrial internet sector has high entry barriers and requires long-term focus to achieve success; independent subsidiaries often possess stronger organizational capabilities and are more likely to excel. As a partnership-based entrepreneurial platform, EO Intelligence will leverage the experience accumulated over the past five years to help its business teams, including EO Health, become increasingly accomplished entrepreneurs.
Gao Ang, Vice President of EO Intelligence and President of EO Health, stated that the broader healthcare sector is in the early stages of a major transformation, with new opportunities continuously emerging against the backdrop of new technologies, policies, and concepts. EO Health will continue to strengthen its enterprise service ecosystem for the healthcare industry, leveraging its abundant industrial and cross-sector resources to further expand its international influence. Meanwhile, it will actively engage in multi-dimensional collaboration with local governments to build regional industrial internet systems.
Zhu Haorong, Founding Partner of Qiaojing Capital, stated that China’s healthcare industry is undergoing a transformation, with non-public healthcare increasingly becoming an indispensable component of the sector. Moreover, numerous innovative technologies are reshaping the traditional industry landscape. We are optimistic about EO Healthcare (Yiou Dajiankang), which is not only a media company serving medical innovation but also holds strong potential to scale up and emerge as the most influential comprehensive service platform in the broader health industry. By strengthening the integration of industry resources and empowering traditional healthcare enterprises with innovative technologies, EO Healthcare helps more non-public healthcare players make their mark in their respective fields, thereby building a comprehensive health ecosystem centered around core medical resources.
Zhang Zhiling, Partner at Zhenghe Huitong Medical, stated that in the new economic cycle, technology-driven industrial upgrading will inject new momentum and create new growth points for China’s big health industry. Due to its weak-cycle and counter-cyclical characteristics, the healthcare sector has long attracted significant capital attention. In recent years, driven by the triple forces of healthcare reform, technological advancements, and medical demand, China’s healthcare industry is experiencing its most favorable development phase. We remain bullish on the big health industry in the long term. As a technology and industrial innovation service platform deeply rooted in the big health sector, EO Big Health demonstrates high sensitivity to industrial changes and can promptly capture the latest industry developments.