Tag: DCM
Tencent backs Chinese healthcare portal DXY in $500M round
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…
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Fintech’s uneven new reality has helped some startups, harmed others
Fintech startups were hot news before the COVID-19 era, but the pandemic hasn’t bumped the sector out of the headlines. Companies that were pitching optimistic news a few weeks ago are now cutting staff. Others are facing a surge of users trying to find their financial footing in the face…
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