Everitt Lawson Group Has Commented on Tencent's $250 Million Online Healthcare Venture
TAIPEI, Taiwan, May 3, 2019 (Newswire.com) - Taiwan-based investment management company Everitt Lawson Group has recently commented on the recent developments from Chinese tech giant Tencent Holdings as they look into China’s private healthcare sector.
Trusted Doctor, a new initiative venture backed by Tencent Holdings, has already said to have raised over $250 million as private and institutional investors rush into the private healthcare sector.
Analysts from Everitt Lawson Group have noted that it’s the first form of investment since the company was created through a merger of both Tencent Doctorwork and Trusted Doctors back in 2018.
“The Chinese tech giant Tencent Holdings is one of numerous start-up tech companies that are looking to make a mark in the private healthcare industry with a growing middle class as affluent consumers that are willing to pay for easy access to medical health services,“ commented David Armitage, director of institutional trading at Everitt Lawson Group.
The new venture is already valued at over $1 billion, with analysts estimating that the Chinese healthcare sector spending will reach around $1 trillion by the year 2020.
Tencent Trusted Doctor is said to connect just under half-a-million certified doctors to over 10 million patients across China through its online platform. The services they offer will range from online consulting to physical check-ups and more.
In a company statement issued, key research analysts from Everitt Lawson Group highlighted that the company is aiming to have over 500 medical institutions offline in China within the next two years.
About Everitt Lawson Group
Everitt Lawson Group is a Taipei, Taiwan-based, pure-play boutique investment management house with a strong record of delivering impressive investment returns to private and institutional clients around the world.
Media Contact
Phil Willis, Head of Marketing, Everitt Lawson Group, +866 2 7741 7927, philwillis@everittlawson.com
Source: Everitt Lawson Group