[Exclusive] Miao Shou Doctor Completed Series C Financing

According to VCBeat, Miao Shou Doctor just finished Series C financing. This round of financing was led by Starquest Capital and followed by Sequoia Capital. After this round of financing, Miao Shou Doctor's market value would exceed 7 billion RMB.

Miao Shou Doctor's chain pharmacy has established more than 200 direct pharmacies in 23 provinces and 66 cities across the country. Right now, Miao Shou Doctor is selling more than 26,000 kinds of medicines including around 300 cancer-targeting drugs. The company's Miao Shou online hospital provides online diagnosis and health management services through live broadcasts, short videos, and articles.

This online platform can also help the government to track all prescription drug sales and also helping people in the rural areas to get the best medicines. Miao Shou Doctor is also working with insurance companies to reduce the purchase price for their medicines. These methods could create a seamless experience for all patients.

Starquest Capital is a leading private equity institution focusing on New Economy through direct investment and FOF investment.

Sequoia Capital is an investment company in China that focuses on media, health care and technology startups.