The domestic health brand By-Health recently released a statement, saying it has signed an agreement with two investment managing companies based in Hangzhou and a sub-fund of Sequoia registered in Ningbo to set up a fund as a limited partner.
By-Health is going to invest 60 million yuan in the fund, says the statement. The statement says that the fund would invest in new technology and business model of health and medicine, as well as new drug and big data in this industry.
At the same time, the fund would promote startups with good potential to achieve innovation in the health industry, which would also bring financial returns to the fund. (Source: chca.net.cn)