Yuyue Medical, a Chinese medical device manufacturer also known as Yuwell, announced on September 19 that Internet giant Tencent plans to invest 291 million yuan ($41.5 million) in its subsidiary, Xunjie Medical. Once this agreement is made, Tencent will become the second largest shareholder of Xunjie, representing 19.5% of the shares. Under the bottom of TencentAs the overall investment is dwindling, it is quite remarkable that he invests such a sum in the medical field.
Xunjie Medical mainly focuses on the field of first aid. The German company Primedic GmbH, which was acquired by Xunjie in 2017, brings more than 40 years of experience in the field of medical equipment and first aid. The semi-automatic external defibrillator and heart defibrillation monitoring products produced by the German company are very popular in the global medical first aid industry. According to financial data from Xunjie Medical, in the first half of this year, the company’s revenue was 66.4887 million yuan ($9.49 million), net operating profit was 28, 3745 million yuan and net profit of 25.844 million yuan.
According to public data, Tencent has invested in many projects in the medical field, including companies such as Gengmei, SoYoung and Synyi AI. Its investment covers areas such as medical information services, hospital management services, internet-based medical platforms, smart medical care, pharmaceutical R&D and other sub-sectors.
It is worth mentioning that in September last year, the “CT image-assisted triage and assessment software for pneumonia” independently developed by Tencent officially obtained the third-class medical equipment registration certificate by Chinese regulators, and officially became the first enterprise in China’s Internet technology industry to obtain a third-class medical AI certificate. In March this year, the company also took a stake in Sonosemi, a designer and manufacturer of high-end medical devices.
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Tencent previously invested mainly in the consumer Internet sector, such as content, games and entertainment industry. This has traditionally been followed by retail, education and medical care. In 2018, it concluded 170 transactions and 16 companies invested by Tencent went public, setting a record. However, since the end of 2021, the company has successively reduced its stakes in companies such as JD.com, Sea Limited and New Oriental Education, and it has already incurred investment losses. According Tencentthe latest financial report of, as of June 30, 2022, the fair value of shares in listed companies held by Tencent Holdings fell from 982.8 billion yuan at the end of 2021 to 601.9 billion yuan.
According Huaxi Titlessince 2022, Tencent tightened its investments in the entertainment industry. Along with investing its core business in cloud computing, it now focuses on enterprise services and hardware technology represented by advanced manufacturing. Among them, since March 2022, there have been eight agreements related to the field of business services, for a total amount of 883 million yuan. Meanwhile, there were seven deals related to advanced manufacturing and blockchain, involving a total of 755 million yuan.