Ping An Insurance (Group) plans to carve out its Ping An Healthcare and Technology (also known as Ping An Good Doctor APP) and IPO in Hong Kong for $1 billion at a valuation of $5 billion (see story). The company plans to go public in the middle of May. In May 2016, Ping An Healthcare and Technology raised $500 million in a Series A. In December 2017, the company raised $400 million from Softbank Union in a pre-IPO round.
DXY, the online academic portal for doctors and other life science professionals, raised $100 million in a Series D funding from undisclosed investors (see story). According to China money Network, the funding was conducted at a $1 billion-plus valuation, conferring Unicorn status on DXY. The eighteen-year-old site provides China doctors with up-to-date clinical and research information, as well as information about conferences, jobs and other services. DXY is also China's largest e-marketing platform for life science companies. It features academic discussions, medical information, job opportunities and medical news.