New medical device retailer Xiyou Health closes multimillion-yuan Series A round

On July 23, Xiyou Health, a new medical device retailer founded by Kang Kai, former director of Alibaba Health and general manager of Tmall Medical Health, announced that it has raised tens of millions of yuan in its Series A funding round from Volcanics Venture and Yunion Health, with additional investment from existing investor For Future Capital.

On July 23, Xiyou Health, a new medical device retailer founded by Kang Kai, former director of Alibaba Health and general manager of Tmall Medical Health, announced that it has raised tens of millions of yuan in its Series A funding round from Volcanics Venture and Yunion Health, with additional investment from existing investor For Future Capital.

Founded in 2017, Xiyou Health is a medical device new retail service provider, dedicated to the exploration, practice and development of medical health new retail business in China.

The company’s goal is to build a new retail ecosystem that integrates offline product retailing, shelf extension, health management services, big data operations, and AI technology research and development for medicine and health.

LiuKai, Managing Director of VolcanicsVenture, said, “The pharmaceutical industry is undergoing a major structural adjustment, and big changes present big opportunities. Xiyou Health provides better services to patients and creates greater value for our partners through a new retail approach. Volcanics is optimistic about the direction of Xiyou Health and is confident in the team’s industry judgment and operational capabilities.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/25/new-medical-device-retailer-xiyou-health-closes-multimillion-yuan-series-a-round/.

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