Tencent (OTCPK:TCEHY) will invest $500M in Hillhouse Capital Group’s Chinese drugstore business, The Information reports.
That marks a further push into healthcare for the gaming/investment giant.
That investment would value Hillhouse’s unit around $2.5B.
Tencent has been building services around
AI-powered medical imaging along with backing startups like Tencent
Trusted Doctors and WeDoctor.
https://seekingalpha.com/news/3504620-tencent-investing-500m-chinese-drugstores-report
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