160 Health Establishes Wholly-Owned Subsidiary Focused on Smart Healthcare and Big Data Solutions, Plans Independent IPO

Group Photo at the Unveiling Ceremony

On March 24, VCBeat learned that Jiuyi 160, China’s leading internet healthcare platform and the first publicly listed company in the sector, announced the formal establishment of its wholly-owned subsidiary, Shenzhen 160 Network Technology Co., Ltd. (hereinafter referred to as “160 Network Technology”).

It is understood that 160 Network Technology will strive to become a leading brand in smart healthcare and big data solutions, with the expectation of achieving an independent public listing in the future.

This move by Jiuyi 160 is also regarded within the industry as another pioneering initiative, and represents a key strategic layout for the Jiuyi 160 platform to achieve comprehensive profitability this year.

Since Alibaba invested in the pharmaceutical e-commerce company CITIC 21st Century, Baidu launched its Health Cloud and introduced the Baidu Medical Brain, and Xiaomi invested in Andon Health’s iHealth, internet giants have been actively expanding into the internet healthcare sector in recent years.

In reality, the return on investment has been far from ideal. A pure internet-to-consumer (2C) mindset struggles to gain entry into the healthcare industry, and viable profit models remain to be explored. Meanwhile, the positioning of “online hospitals” within the mobile health sector is fragmented and heterogeneous, with a mix of legitimate and questionable players. In this context, differentiated competition among enterprises is particularly crucial.

For this very reason, as a leading internet healthcare service platform in China, Shenzhen Ningyuan Technology (also known as “Jiuyi 160”) has been cultivating hospital-side resources for many years and possesses abundant high-quality medical resources. Taking its subsidiary, Blue Dragonfly, as an example, it is not only one of the earliest companies in China to engage in hospital infection control software but also pioneered the development of intelligent robots for hospital infection control, thereby entering the field of medical artificial intelligence. Currently, Blue Dragonfly has achieved profitability.

Meanwhile, the newly established 160 Network Technology boasts extensive experience in developing and implementing internet healthcare solutions. It has forged strategic partnerships with renowned companies such as Tencent, Alibaba, Huawei, and ZTE. By collaborating closely with these partners to leverage their respective strengths, the company is jointly expanding the healthcare market.

Health 160 Online Hospital facilitates physical hospitals in delivering online medical services through mobile internet platforms, enabling the digitalization and intelligent transformation of healthcare. It provides patients with services including health consultations, appointment scheduling, intelligent triage, tiered diagnosis and treatment, telemedicine, online payment, pharmaceutical delivery, and health management.

For patients, simply scanning the corresponding QR code via WeChat’s “Scan” feature enables mobile appointment registration and payment, as well as access to post-consultation test reports, effectively reducing waiting times and optimizing the healthcare experience.

For hospitals, this optimizes the allocation of medical resources, enhances operational efficiency, and improves the patient care experience, truly achieving a closed-loop online-to-offline service model integrating “medical care, pharmaceuticals, and insurance.”

Drawing on its profound understanding and extensive practice of “Internet + Healthcare,” Shenzhen Ningyuan Technology (Jiuyi 160) pioneered the concept of online hospitals and began strategic deployment as early as 2015, with a focus on addressing the longstanding pain points in traditional healthcare known as the “three longs and one short”—namely, long wait times for registration, consultation, and payment, coupled with short consultation durations.

Since June 2015, Shenzhen Children’s Hospital has become the first successful case of the Jiuyi 160 Online Hospital. The average daily payment amount during consultations exceeded one million yuan, ranking first in China. In 2016, Jiuyi 160 released its strategy for the country’s first patient-centered internet-based tiered diagnosis and treatment platform, establishing the largest such platform in China. In March of the same year, the online hospital projects of Shenzhen Children’s Hospital and Shenzhen Maternity & Child Healthcare Hospital, fully developed by Jiuyi 160, were selected as cases in the inaugural “Internet + Medical Health” case collection, following evaluation by the Expert Committee of the National Health and Family Planning Commission.

Leveraging its unique positioning and inherent advantages, the online hospital sector has experienced rapid growth. In addition to holding a dominant position in Shenzhen, JiuYi160 has become the leading platform for online appointment registration in Beijing, Shanghai, Guangzhou, and Shenzhen—the country’s four first-tier cities—and has expanded its online hospital services to more than 200 cities across China, including Guangzhou, Nanjing, Haikou, Changsha, Zhengzhou, Chongqing, Chengdu, and Dongguan.

Official data shows that Health 160 currently collaborates with over 6,000 hospitals, serves more than 470,000 doctors, handles over 200,000 daily appointment registrations, and has cumulatively served more than 240 million patient visits.

In addition to the core business of its online hospital, 160 Network Technology’s growth initiatives have also drawn significant attention. Responding to the healthcare reform policies issued by the National Health and Family Planning Commission, 160 Network Technology has entered the city-level market through the development of “Healthy Cities” and “Smart Cities.” By leveraging mobile internet technologies to facilitate the implementation of tiered diagnosis and treatment, the company collaborates with governments and hospitals to provide convenient, high-quality medical services to residents at the grassroots level.

In the future, Shenzhen Ningyuan Technology will leverage its comprehensive internet healthcare product ecosystem, extensive operational expertise, and forward-looking strategic objectives to gradually integrate resources across health management, IT, pharmaceuticals, wearables, medical examinations, insurance, and genomics. By building a holistic health industry ecosystem and conducting in-depth mining, analysis, and application of medical big data, the company aims to drive the intelligent and precise transformation of healthcare.