Huawei Enters Smartwatch Market with Launch of HUAWEI WATCH

Today's Highlights:
Another Player Enters the Smartwatch Arena! HUAWEI WATCH Officially Launched
 Alibaba Health’s semi-annual revenue reached HK$21 million
 Data Analytics Platform Evariant Secures $42.3 Million in Funding
Revenue from traditional Chinese medicine health tourism is to reach RMB 300 billion by 2020
 National Health and Family Planning Commission: By 2020, ensure that every household has a contracted family doctor



Smartwatch Sector Welcomes a New Contender! HUAWEI WATCH Officially Launched

The day before yesterday, Huawei released the China version of the HUAWEI WATCH, which has been widely acclaimed abroad.

HUAWEI WATCH features a round dial design with a diameter of approximately 42mm, and the dial uses sapphire glass as the cover for the touchscreen.

HUAWEI WATCH features multiple functions, including health monitoring, voice input, navigation, WeChat, mobile payments, and interchangeable straps. Additionally, the HUAWEI WATCH can detect heart rate by emitting light through two photosensors located on the bottom of the device.

The HUAWEI WATCH features built-in motion sensors, an accelerometer, and a gyroscope. It can automatically recognize various activity states such as walking, running, and hiking, while tracking fitness metrics including step count, calories burned, exercise duration, and stand frequency. The data can be synchronized with your smartphone for sharing with friends.

Currently, the model with a black genuine leather strap is priced at RMB 2,388; the models with a black stainless steel three-link bracelet and a stainless steel mesh bracelet are both priced at RMB 2,588; and the model with a brown crocodile-embossed genuine leather strap is priced at RMB 3,288.

Alibaba Health's Semi-Annual Revenue Reaches HK$21 Million

On November 23, Alibaba Health released its interim results report for the six months ended September 30. The financial report encompasses the consolidated financial statements of Alibaba Health, its wholly-owned subsidiary CITIC 21 Century (China) Technology Co., Ltd., and its 50%-owned subsidiary CITIC Guojian Information Technology Co., Ltd.

Revenue from the Electronic Supervision Network business amounted to HK$21,371,000, representing a 14.6% year-on-year increase. The growth was primarily driven by higher income from network access fees charged to retail pharmacies and rising revenue from value-added services.

The gross profit margin increased from 6.3% in the same period last year to 22.4%. The improvement in profitability was primarily driven by increased revenue from operating the China Drug Electronic Supervision Network.

Selling and marketing expenses amounted to HK$58,516,000, representing an increase of HK$50,967,000 compared with the previous year. Of this amount, marketing expenses totaled HK$20,702,000, primarily used to incentivize downloads of the Ali Health mobile application (Alijk) and to encourage usage of the O2O pharmacy platform. In addition, employee costs increased by HK$24,617,000 due to business expansion.

Data Analytics Platform Evariant Secures $42.3 Million in Funding

According to filings with the U.S. Securities and Exchange Commission, Evariant secured $42.3 million in financing, bringing the company’s total funding to $68.3 million. Existing investors include Lightspeed Venture Partners, Dignity Health, Salesforce, and Health Enterprise Partners.

“Healthcare organizations face significant challenges as they transition from a volume-based to a value-based model,” said William, Founder and CEO of Evariant. “Hospitals need to leverage big data analytics to transform clinical data into meaningful insights that drive productive dialogue. By delivering these solutions on an integrated platform, we help our clients effectively implement engagement strategies for patients, physicians, and employers.”

Evariant provides healthcare service providers with a data analytics platform that guides their marketing campaigns and enhances patient engagement. Evariant collects data from billing records, clinical records, patient records, and other sources to determine which patients are most likely to respond to specific marketing initiatives.



Revenue from Traditional Chinese Medicine (TCM) Health Tourism to Reach RMB 300 Billion by 2020

Recently, the China National Tourism Administration and the State Administration of Traditional Chinese Medicine jointly issued the “Guiding Opinions on Promoting the Development of Traditional Chinese Medicine Health Tourism,” advocating new concepts for TCM health tourism and fostering its sustainable development.

The opinion points out that by 2020, the number of people participating in traditional Chinese medicine (TCM) health tourism should reach 3% of the total tourist population, with TCM health tourism revenue reaching RMB 300 billion. Additionally, 30 TCM health tourism demonstration zones and 200 TCM health tourism demonstration enterprises (bases) or integrated complexes should be established nationwide. By 2025, the proportion of tourists engaging in TCM health tourism is expected to rise to 5% of the total tourist population, with revenue reaching RMB 500 billion. Furthermore, 50 TCM health tourism demonstration zones and 500 TCM health tourism demonstration enterprises (bases) or integrated complexes should be established across China.

The opinion also proposes to promote the informatization of traditional Chinese medicine (TCM) health tourism, establish a comprehensive service platform for TCM health tourism that includes functions such as archival information, medical insurance, travel insurance, and appointment management, and incorporate all resource units and travel agencies into unified management.

National Health and Family Planning Commission: By 2020, Ensure Every Household Has a Contracted Family Doctor

According to the website of the National Health and Family Planning Commission (NHFPC), the NHFPC and the State Administration of Traditional Chinese Medicine issued guidance stating that by 2020, China will strive to ensure that every household has a qualified contracted physician and every resident has an electronic health record.

The opinion points out that support for information technology should be strengthened. We should promote the use of a "one-card" system for residents' medical visits and make effective use of electronic health records. We should coordinate the construction of information management systems for community health service institutions, further integrating various related business systems such as maternal and child healthcare, family planning, vaccination, infectious disease reporting, and severe mental disorders. Additionally, we should encourage the full utilization of modern information technologies such as mobile internet, smart clients, and instant messaging to enhance doctor-patient interaction and improve residents' experience.