Former Zhejiang University Hospital Executive You Xiangdong Makes Bold Move into Healthcare Investment

Photo of Chen Yuemeng (right), Chairman of Zheshang Venture Capital, and You Xiangdong (left). On the afternoon of January 18, news emerged from Zhejiang’s venture capital sector that Mr. You Xiangdong, formerly Deputy Director of The Second Affiliated Hospital of Zhejiang University School of Medicine, Deputy Director of its Heart Center, and Director of its Cardiac Ultrasound Department, has officially joined Zheshang Venture Capital as Executive President. He will oversee the company’s medical investment business. His term of office shall commence on the date of approval by the Board of Directors and expire upon the conclusion of the first term of the company’s Board of Directors.

As previously reported by VCBeat, the Second Affiliated Hospital of Zhejiang University School of Medicine, where Dr. You Xiangdong serves, has long held a strong interest in internet healthcare. Dr. You once stated, “Our hospital began offering telemedicine services in 2006 and launched smart healthcare initiatives in 2011. I believe that while it is impossible to contain healthcare within the physical walls of a hospital, relying solely on the internet is also unreliable. Our current focus is on finding an optimal integration between these two approaches.”

Now, You Xiangdong has decided to personally put the reform of the healthcare system into practice.

Previously, the hospital where You Xiangdong worked had already accumulated extensive experience in internet healthcare initiatives, having launched an online hospital and enabled physicians to practice openly at multiple sites. It can be said that the hospital team under the leadership of President You Xiangdong has maintained an open and inclusive attitude toward the internet.

Now, You Xiangdong has joined Zheshang Venture Capital to oversee healthcare investments, marking a bold career transition. Against the backdrop of the rise of physician groups and a wave of entrepreneurship among doctors and hospital executives, You’s move into a venture capital firm signals a deepening integration between the healthcare system and the broader external world.

Based on You Xiangdong’s prior experience at his hospital, it is believed that his investment focus will be closely tied to the internet. With a background in hospital administration, You Xiangdong possesses a deeper understanding of the integration between traditional healthcare and the internet.Resume of You XiangdongChief Physician, Master’s Supervisor, renowned expert in cardiovascular ultrasound medicine. Formerly served as Vice President of the Second Affiliated Hospital of Zhejiang University School of Medicine, Deputy Director of the Heart Center, and Director of the Department of Cardiac Ultrasound. With nearly 30 years of experience in clinical practice, teaching, scientific research, and hospital management, he has accumulated extensive expertise in medical services, equipment and consumables management, infection control, process reengineering, external liaison and expansion, telemedicine, infrastructure and logistics, information technology management, and affiliated enterprise management. He played a key role in the accreditation processes for the first batch of JCI-accredited international medical centers globally, the National Health and Family Planning Commission’s inaugural annual evaluation, ISO 15189 accreditation, and CAP international accreditation. He has undertaken study and training programs at Wanfang Hospital of Taipei Medical University (Taiwan), UCLA (USA), and Johns Hopkins University (USA).About Zheshang Venture CapitalZheshang Venture Capital Co., Ltd. (Stock Code: 834089), representing the most active private capital of Zhejiang entrepreneurs, has integrated international and localized management models to establish the “Zheshang Experience” in China’s equity investment sector. With venture capital as its core focus, Zheshang Venture Capital has expanded its presence in the capital markets, striving to build a renowned Zheshang brand in venture capital and industrial M&A, and has grown into one of the leading equity investment platforms in China. On November 5, 2015, Zheshang Venture Capital successfully listed on the National Equities Exchange and Quotations (NEEQ), becoming the first privately controlled venture capital firm in Zhejiang Province to do so.

Zheshang Venture Capital’s investment focus is primarily on the broader cultural, information, and health sectors. In November 2015, it raised RMB 1.16 billion through a private placement to invest in the medical and healthcare industry.Related Reports:13 Chinese Hospital Presidents Discuss “Internet+”: Opportunities Lie Behind the Anxiety