Jul 12, 2016

36kr.com, 7/06/16 Xishan Information Technology, operator of insurance discount sales site Datebao.com, has announced it completed USD 8-digit Series B+ funding led by China Development Financial Holding and with participation from Fosun Kinzon Investment Management. The new funding gives Xishan a valuation of USD 200 mln. Zhou Lei, CEO of Datebao, said that the capital raised would be used to improve the company's health insurance ecosystem, and to promote greater cooperation on cost controls between commercial insurance, health management organizations, and hospitals (the insurance pays for medical expenses and supervision of both inpatient and outpatient care for its users). In the future Datebao also plans to launch large-scale platforms for health insurance products, personal health management, and healthcare services in order to provide users with an integrated portal for diagnoses, illness prevention, and health management. Editor's Note: For more information on this topic, please see " Health Insurance Sales Site Datebao Completes USD 20 Mln Series B ," MD 3/25/16 issue. Please note, all fields are required. None of your personal information will be shared with third parties. Name: