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Peking University it male career 11 years do not look back! Bring China's largest Internet hospital to market

via:驱动之家     time:2021/4/12 21:49:31     readed:170

Going to the hospital has always been a headache in China. In 2010, Liao Jieyuan, an it male from Peking University, who specializes in AI speech recognition at iFLYTEK, was annoyed by the difficulty of seeing a doctor.

In the past 11 years, 27 Internet hospitals have been established under micro medicine, and 40 million times of digital medical services have been completed in the performance period. According to the data of frost Sullivan, according to the number of Internet hospitals as of December 31, 2020 and the number of digital diagnosis and treatment provided in 2019, micro medicine has become the largest digital medical service platform in China.


Money burning track, why not make fast money?


According to the prospectus, all the income of micro medicine comes from medical services and health maintenance services. Among them, the revenue of medical service business in 2018, 2019 and 2020 were 118 million yuan, 186 million yuan and 707 million yuan respectively, accounting for 46.1%, 36.8% and 38.6% of the total revenue respectively. The revenue of health maintenance services in 2018, 2019 and 2020 were 137 million yuan, 320 million yuan and 1125 million yuan respectively, accounting for 53.9%, 63.2% and 61.4% of the total revenue respectively.

Can we only make money by selling drugs?

According to the latest financial data, the total revenue of Jingdong health in 2020 is 19.4 billion yuan, of which 16.8 billion yuan is from the sales of medicine and health products, accounting for 86.6%.

Ali health's total revenue in the first half of 2020 is 7.162 billion yuan, of which the sales revenue of self operated health products and drugs is 6.036 billion yuan, accounting for 84.28%, the service revenue of pharmaceutical e-commerce platform is 925 million yuan, accounting for 12.92%, and the internet medical and health service revenue is only 176 million yuan, accounting for only 2.5%.

In 2020, the total income of Ping An Hao doctor was 6.866 billion yuan, of which family doctor service and health management business contributed 1.769 billion yuan, accounting for only 25.77%, while health mall and consumer medical business contributed 5.097 billion yuan, accounting for 74.23%.

The current leaders of Alibaba health and Jingdong health have a strong e-commerce background. Zhu Shunyan, chairman of the board and CEO of Alibaba health, is currently at the helm of Alibaba health. Before he was transferred to Alibaba health, his work experience was mainly in UC and Alibaba mother business group. He paid more attention to Internet marketing and content, and never contacted medical care.


Micro Medicine Shanghai offline clinic chuangbang reporter on April 9, 2021

For example, before Liao Jieyuan founded China green line, the predecessor of micro medicine, he was the co-founder of iFLYTEK and a pioneer in the field of artificial intelligence in China. Wang hang, the founder of good doctor online, was the entrepreneurial partner of Qihoo 360 with Zhou Hongyi before he started his business in 2006. Li Tiantian, the founder of Ding Xiangyuan, gave up his doctor's degree in 2006 and started a full-time business. Wang Shirui, chairman of the Federation, completed eight-year undergraduate, master and doctoral program in West China School of Stomatology, Sichuan University, and worked as a research scholar at Harvard University for one year before founding the Federation.

If you don't sell medicine, who will pay for it?

With the development of internet medical industry, the process of Internet Medical capitalization is also accelerating. According to the incomplete statistics of ruishou analysis, since 2020, there have been 10 investment and financing events of pure internet medical service enterprises. After round C, the amount of financing has exceeded 13 billion yuan.


As a representative enterprise with internet medical and health services as the core, the listing of micro medicine in Hong Kong will set off a wave of such pure internet medical enterprises to enter the secondary market after they mature.

In contrast, Liao Jieyuan led the micro medicine to take a more different route, relying entirely on the internet medical services and health management services to support the company's business. Earlier, Reuters reported that the IPO of micro medicine is expected to sell 15% - 20% of the shares, and the market value is expected to reach $15 billion, which is three times of its valuation data last year.

The answer remains to be finally tested and revealed by the Hong Kong stock capital market.



Original link:Entrepreneur

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