Tencent-backed WeDoctor raises $150m from state investor after setbacks in IPO plan

Tencent-backed WeDoctor raises $150m from state investor after setbacks in IPO plan

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WeDoctor, one of China’s leading online healthcare platforms, has secured over 1 billion yuan (almost $150 million) from an undisclosed state-owned industry investment fund in eastern China’s Shandong Province following setbacks in its attempts to raise capital through a public share sale.