VCBeat has learned that China Electronics Health Fund has completed a strategic investment in Tonghe Yucheng Capital. The two parties will engage in multi-level collaboration leveraging the advantages of China Electronics Data’s national team in health and medical big data, jointly building business, data, and capital ecosystems.
CEC Health Fund was established in June 2017 by CEC Data to cultivate an industrial ecosystem for healthcare big data. As a national team player in healthcare big data, CEC Data utilizes the CEC Health Fund as a key capital link in its strategic layout of the healthcare big data industry ecosystem. The fund focuses on investing in areas radiating from the healthcare big data industry, including artificial intelligence, fintech, biopharmaceuticals, and internet healthcare. Tonghe Yucheng is a leading investment institution specializing in the healthcare sector, formed through the merger of Tonghe Capital and Yucheng Capital. It maintains deep focus and extensive coverage of both the Chinese and U.S. markets. Currently, it manages four U.S. dollar funds and three RMB funds, with total assets under management exceeding RMB 10 billion. To date, it has cumulatively invested in and nurtured nearly 60 companies.
Leveraging the policy and industrial advantages secured through its status as a national team player in the healthcare data sector under China Electronics Corporation (CEC), CEC Health Fund provides comprehensive support to portfolio companies of Tonghe Yucheng, thereby fostering their growth. As a top-tier investment institution in the healthcare sector, Tonghe Yucheng brings valuable industry collaboration opportunities to CEC Health Fund by virtue of its complete industrial ecosystem built over more than a decade of investment experience. This partnership holds significant strategic importance and far-reaching implications for CEC Health Fund.
Leveraging Tonghe Yucheng’s investment expertise in the healthcare sector and CEC Health Fund’s industrial resources in healthcare big data, both parties will further explore the value of healthcare big data across various sub-sectors based on this capital-level collaboration, achieving mutual benefits.