DXY, a 20-year-old online healthcare community for Chinese consumers and healthcare organizations like Pfizer, announced this week that it has raised $500 million in a new round led by private equity firm Trustbridge Partners.
Existing backer Tencent and Hillhouse Capital also participated in the round, which lifted the firm’s total funding to over $660 million to date. DXY’s earlier investors include Xiaomi founder Lei Jun’s Shunwei Capital, Legend Capital and DCM.
The company started out as a knowledge-sharing platform for doctors and has over time added a consumer-facing aspect by bringing wellness advice and medical consultation services to the …
