In order to compete for insurance policies, insurance companies have cooperated with telemedicine companies. Remote care breaks the limitation of time and space, and it is especially suitable for the aging society to control personal health. According to the Financial Times (FT), AIA recently announced a partnership with Tencent's WeDoctor to launch products and services in an attempt to compete with Ping An Insurance's "Ping An Doctor."
The Micro Medical Group has just completed a $500 million financing and the market valuation is $5.5 billion. As for Ping An Insurance's Ping An doctor, using mobile applications (AI) and artificial intelligence (AI) to operate telemedicine platforms, it has recently raised $1.1 billion in funds, which is favored by BlackRock and the Singapore Government Investment Corporation (GIC).
Whether it is a micro-medicine group or a safe doctor, there are strong technologies and financial groups behind it, vying for food and market share in the rapidly growing telemedicine market in the mainland. Micromedical Group claims to have 110 million registered customers, and AIA will be expected to reach these potential customers, but AIA currently operates in mainland China only in five provinces.
As a bridge between mainland customers and 2,700 hospitals and 15,000 pharmacies, Micro-People's Group will be able to enjoy WeDoctor's healthcare services in the future. AIA will also become the preferred life and medical insurance provider for WeDoctor.
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