China Health Medical Big Data Co., Ltd. Established with RMB 5B Capital by 13 Industry Giants Including Digital China, ICBC, and China Telecom

VCBeat learned that on April 27, the preparatory signing ceremony for “China Health and Medical Big Data Co., Ltd.” was held in Beijing.

The company is primarily state-owned, with member units including Digital China Holdings Limited, Industrial and Commercial Bank of China Limited, Bank of China Limited, Chinese Academy of Sciences Holdings Co., Ltd., China Telecommunications Corporation, China Cinda Asset Management Co., Ltd., Shougang Group, Guangzhou Urban Construction Investment Group Co., Ltd., Neusoft Corporation, Inspur Group, Wanda Information Co., Ltd., Yilianzhong Information Technology Co., Ltd., and Rongke Technology Co., Ltd., among others.Thirteen Industry-Leading Enterprises and Investment & Financing Platforms。

As can be seen from the announcement released by Yilianzhong, a medical informatics enterprise, on April 27, the proposed name of the company to be established is:China Health and Medical Big Data Co., Ltd.(subject to the name approved by the industrial and commercial registration authorities, hereinafter referred to as the “Healthcare Big Data Company”),Its registered capital is RMB 5 billion.。

According to VCBeat, the establishment of this company is dedicated to implementing the spirit of State Council Document No. 47, “Guiding Opinions on Promoting and Standardizing the Application and Development of Health and Medical Big Data.” It aims to make new contributions by creating a robust platform for undertaking the national pilot tasks of building National Health and Medical Big Data Centers and Industrial Parks, thereby achieving the goals of enhancing public sense of gain, strengthening new drivers for healthcare reform, fostering new economic momentum, and promoting the development of the health industry.

As the internet has permeated every industry, big data and cloud computing have demonstrated remarkable performance across many sectors, becoming indispensable elements. This trend is equally evident in the healthcare field, where emerging technologies and service models are penetrating every aspect of the industry.

As a critical foundational strategic resource for the nation, big data in health and healthcare will drive profound transformations in healthcare delivery models. By promoting the interconnectivity, integration, openness, and sharing of health and medical data, and by leveraging “Internet + Healthcare” to explore new service models and foster emerging business formats, efforts are being made to establish the health industry as a key pillar of the national economy.

At the ceremony, Jin Xiaotao, Deputy Director of the National Health and Family Planning Commission (NHFPC), stated that the NHFPC has taken the lead in establishing the National Health and Medical Big Data Security Management Committee. This committee is responsible for forming and overseeing two major corporate groups—“China Health and Medical Big Data Industry Development Co., Ltd.” and “China Health and Medical Big Data Co., Ltd.”—to ensure that these groups fulfill their national missions, implement national pilot projects, and promote the application and development of health and medical big data in China.

Jin Xiaotao required that, after the establishment of “China Health and Medical Big Data Co., Ltd.,” the company should define work tasks and timelines in accordance with the overall requirements of the “1+7+X” national pilot program, take the lead in negotiating and signing agreements with Xiamen and other cities among the first batch of pilot cities, promote the early commencement and effectiveness of national pilot projects, provide replicable and scalable experiences and models for the rest of China, and thereby accelerate the development of the health industry into a key pillar of the national economy.

Guo Wei, Chairman of Digital China Holdings, stated that the newly established China Health and Medical Big Data Co., Ltd. will undertake national and local planning and construction tasks, based on the top-level design for the development of health and medical big data industrial parks and aligned with the development plan for Healthy China.Heavily invest in areas and processes such as health and medical big data centers, big data platforms, medical services, health services, comprehensive management, precision medicine, refined insurance operations, insurance underwriting, and medical payments., driving the development of innovative enterprises.