Mingyi Zhudao Announces Completion of Series B Funding Round of RMB 150 Million and Launches Medical Professionals Public Welfare Alliance

On April 20, 2016, the “Sharing Renowned Medical Experts’ Resources, Jointly Building a Healthy China” Charity Surgery Donation and Public Welfare Declaration Launch Ceremony was held in the Henan Hall of the Great Hall of the People in Beijing. Huang Zhengming, President of the Chinese Medicine Education Association; Su Shu, Founder of Mingyi Zhudao (Renowned Surgeons); Chen Qiyu, Chairman of Fosun Pharma; Li Zheng, General Manager of Baidu’s Healthcare Division; Xu Xiaoping, Founder of ZhenFund; Qin Peng and Wu Yong, Co-founders of Mingyi Zhudao; Bai Shugong, Former Vice President of Beijing Anzhen Hospital; Guo Hui, President of Shanghai Deji Hospital; Zhang Zhirong, Secretary-General of the Chunhui Bo’ai Children’s Relief Foundation; and other public welfare advocates from various sectors attended the event and delivered speeches on-site to express their support for the charitable initiatives led by renowned medical experts. The launch ceremony was co-hosted by Lang Yongchun and Qian Jing, former CCTV presenters who are now actively engaged in public welfare causes.

At the meeting, Su Shu announced that the company had completed a RMB 150 million Series B financing round, co-led by Hanfu Capital and Yinyue Ventures, with follow-on investments from institutions including Fosun Pharma, Gaorong Capital, and ZhenFund. Su Shu noted that since its inception, Mingyi Zhudao has successfully performed surgeries for more than 10,000 patients.

On-Site of the Renowned Physicians’ Pro Bono Surgical Donation and Public Welfare Declaration Launch Event

The Renowned Physicians Public Welfare Alliance project was jointly launched by Mingyi Zhudao, well-known Chinese charitable organizations, medical experts, and healthcare institutions. The initiative aims to provide impoverished patients with assistance from charitable organizations and access to free surgeries performed by renowned physicians. For patients in need, charitable organizations such as the Fosun Foundation donate surgical fees, Mingyi Zhudao coordinates with high-quality physicians, and hospitals such as United Family Healthcare carry out the surgical procedures.

In addition to donating charitable surgeries, Mingyi Zhudao collaborates with public welfare organizations and social forces to jointly conduct health volunteer services. These initiatives encompass compassionate surgeries, medical training, health lectures, pharmaceutical donations, and disease relief efforts. This will significantly promote the improvement of medical standards in small and medium-sized cities, underdeveloped western regions, and rural areas, by providing free, high-end expert medical and health volunteer services to underserved populations who struggle to afford care, thereby helping less developed regions enhance their overall medical service levels and quality. The activities will further facilitate cooperation between premium hospitals in major cities such as Beijing and Shanghai and local medical institutions, as well as alignment between provincial-level medical institutions and those at the prefectural, city, and county levels. This promotes the downward flow of high-quality medical resources, supports the healthy development of China’s healthcare sector, and drives the comprehensive implementation of tiered diagnosis and treatment systems and policies allowing physicians to practice at multiple locations.

Su Shu stated, “The ‘Public Welfare Initiative with Renowned Physicians’ model is dedicated to addressing the uneven distribution of medical resources in China and the challenges of difficult and costly access to healthcare. The crux of this issue lies in its nature as a systemic project that requires participation from all sectors of society to achieve co-construction and shared benefits. Mingyi Zhudao should leverage the advantages of internet enterprises—namely sharing, openness, and connectivity—to join forces with public welfare organizations, medical experts, healthcare institutions, and other social stakeholders to collaboratively advance this initiative.”

Su Shu, Founder of Mingyi Zhudao

Huang Zhengming, President of the Chinese Medical Education Association, stated that the Famous Doctors Public Welfare Alliance was jointly initiated by Mingyi Zhudao, multiple charitable organizations, hundreds of top medical experts, and dozens of hospitals. The initiative aims to provide patients in medically underserved regions and those living in poverty with access to aid from charitable organizations and free surgeries performed by renowned specialists. This represents a more diverse and pragmatic effort to advance healthcare and philanthropy through mobile internet technology. By scientifically leveraging the advantages of the internet, the Famous Doctors Public Welfare Alliance has attracted a large number of high-level medical professionals as volunteers, thereby enhancing the professionalism and accessibility of current medical charitable activities. Aligned with the democratic and sharing values of the internet, this model offers a viable approach and solution to gradually address issues such as the uneven distribution of medical resources and difficulties in accessing medical care in China.

Chen Qiyu, Director of Fosun Group and Chairman of Fosun Pharma, stated that a company’s role extends beyond profit-making; more importantly, it must uphold its social responsibilities and mission. The establishment of the Renowned Physicians Public Welfare Alliance precisely exemplifies the corporate social responsibility embraced by participating enterprises.

Chen Qiyu, Director of Fosun Group and Chairman of Fosun Pharma

Xu Xiaoping of ZhenFund also noted that in recent years, there have been many innovations in “Internet + philanthropy,” and engaging in charitable work is a truly remarkable endeavor. As a startup, Mingyi Zhudao has demonstrated the courage, confidence, and idealism to undertake philanthropic initiatives and serve a broader population, representing a new form of entrepreneurial civilization.

As a representative of the hospital undertaking charitable surgeries, Bai Shugong, former vice president of Anzhen Hospital, stated that doctors are highly willing to alleviate patients’ suffering and contribute their modest efforts to public welfare causes.