iCarbonX and Hengqin Life Sign Strategic Agreement to Build a Digital Health Management Ecosystem

VCBeat (WeChat ID: vcbeat) has learned that on May 16, iCarbonX, a global leader in digital health management, formally signed a strategic cooperation framework agreement with Hengqin Life Insurance Co., Ltd. With the shared goal of deeply integrating health management services with insurance services and building a new ecosystem for health management, the two parties have established a comprehensive strategic partnership to jointly create an integrated platform for family-based health management and insurance services.

(iCarbonX Signs Strategic Cooperation Agreement with Hengqin Life Insurance)

It is understood that the strategic partnership between iCarbonX and Hengqin Life Insurance will unfold across three dimensions: capital, business, and team. At the business level, both parties will precisely target service scenarios based on the preferences of their target customers, achieving seamless integration between insurance family accounts and digital health management platforms. Meanwhile, they will jointly develop data products and data services aimed at empowering the insurance industry, including family policy management, risk and insurance needs assessment, differentiated premium rates, personalized insurance coverage products, health management services, and wealth management.

At the team and capital levels, both parties will explore equity-level cooperation to jointly build an integrated intelligent management platform for family-based health management and insurance services, delivering a novel management service that combines health and protection for customers. Meanwhile, under the framework of strategic cooperation, they will actively discuss various forms of capital collaboration.

Since its founding in 2015, iCarbonX has been deeply committed to technological innovation, strategically positioning itself across multiple dimensions including data, platforms, and infrastructure. The company completed its Series A financing round within six months, achieving a valuation of $1 billion and rapidly joining the ranks of global unicorns. In January 2017, iCarbonX joined forces with seven innovative technology companies from China and abroad to establish the Digital Life Alliance, aiming to build a global digital life ecosystem.

Currently, iCarbonX has initially completed the construction of AI-driven frontier infrastructure for digital life, including a biological data acquisition technology platform, an AI data analysis platform, an intelligent hardware platform, and large-scale biological databases and sample banks. Leveraging this infrastructure, the company can further provide users with precise health management services that integrate online and offline channels, while also empowering B2B partners by delivering tailored solutions for specific domains and scenarios.

(Wang Jun, Founder and CEO of iCarbonX)

Wang Jun, Founder and CEO of iCarbonX, stated, “Since its inception, iCarbonX has been committed to building a digital health ecosystem. We aim to leverage our technological expertise in life big data and artificial intelligence to foster cross-industry collaboration and partner with industry leaders to integrate high-growth sectors. We value Hengqin Life Insurance’s innovative spirit in its business operations and recognize the strategic significance of this partnership. We look forward to joint exploration with Hengqin Life to create greater value in the future.”

Hengqin Life Insurance, established in late 2016, is a national life insurance company. It has currently achieved business presence in major cities across Guangdong Province and will accelerate its expansion into other provinces in the next phase.

Since its inception, Hengqin Life Insurance has closely adhered to its core corporate strategies of “Family Account” and “Technology-Driven Development,” continuously exploring a differentiated growth path for small and medium-sized insurers. Over the past two years, through extensive and in-depth collaboration with partners across various sectors, Hengqin Life has initially established a technology service system featuring “front-end empowerment, middle-office orchestration, and back-end support.” Meanwhile, the company has focused on building a dynamic, personalized, long-term family service system that encompasses a high-quality lifestyle, thereby driving innovative development in products, sales, and services centered around the Family Account. It is reported that Hengqin Life has achieved rapid growth in business scale, with the number of Family Accounts exceeding 30,000, attracting widespread attention within the industry.

(Lan Yadong, Chairman of Hengqin Life Insurance)

Lan Yadong, Chairman of Hengqin Life Insurance, stated that both parties will leverage their respective professional advantages to continuously explore digitalization, artificial intelligence, and biological big data, working together to achieve the deep integration of family protection and health services.

Hengqin Life Insurance Co., Ltd. is a national life insurance company established in December 2016 with the approval of the former China Insurance Regulatory Commission. The company has a registered capital of RMB 2 billion and was jointly initiated by five entities: Zhuhai Huachuang, Hengtong Group, Mingzhu Shenzhen Investment, Suzhou Huanya, and Zhongzhi Enterprise Group. Its registered address is in the Guangdong Hengqin Free Trade Zone. As a professional life insurer born in the Free Trade Zone, Hengqin Life adheres to the value orientation that “insurance is fundamentally about protection,” follows industry development trends, upholds the business philosophy of “simplicity, openness, and focus,” builds a platform for smart sharing, provides customers with simple and considerate products, and creates an approachable and warm customer experience.

iCarbonX, established in October 2015, is a global leader in the fields of digital life and precision health management. It has built an ecosystem for digital life centered on consumers’ big biological data, the internet, and artificial intelligence. The company’s core founding team comprises top-tier global biotechnology experts with extensive experience in omics technologies, medical services, biological data analysis, artificial intelligence, and data mining. In April 2016, iCarbonX completed its Series A financing round led by Tencent, achieving a valuation of $1 billion. Leveraging a globally leading, exponentially growing digital life network, iCarbonX is committed to providing customized health solutions to consumers, helping individuals better manage their own health.