Dongxi Tech Closes on Two Rounds of Financing to Provide Medical Security Cloud Service

According to PEdaily.cn, Dongxi Tech, a provider of medical security cloud service, has closed two rounds of financing, jointly invested by existing investors including Z&H Investment and the medical growth fund under CCB International (CCBI).

Liu Xinyi, the founder of Dongxi Tech, said, “The company has started Series A financing and the proceeds will be used for product development and market expansion.”

Founded in April 2016, Dongxi Tech focuses on Chinese medical security and cloud services in the field of real-world study. The HoloX pharmacovigilance platform developed by Dongxi Tech is the first domestic SaaS platform to use artificial intelligence, big data, cloud computing to provide comprehensive security service for medical enterprises in China.

Dongxi Tech’s security service covers the whole life cycle of medical equipment form clinical to the post-marketing stage and the active monitoring and real-world research. The company has connected the whole industrial chain through HoloX platform.

The HoloX platform has signed up with more than 100 pharmaceutical enterprises, including Kunming Pharmaceutical, Yunnan Baiyao, Guanhao Biological and so on. At present, Dongxi Tech has achieved a balance between revenue and expenditure, and this year's revenue scale is expected to be around 20 million yuan.

Z&H Investment was founded in 2014 by former vice President of Alibaba, Lu Zhong and the senior director of Alibaba, Huang Haijun. The company focuses on the fields of Internet/consumption, healthcare, and high tech. It mainly participates in early-stage equity investments.

CCB International (Holdings) Limited and its subsidiaries (CCBI) is a financial and investment services company owned by China Construction Bank Corporation (CCB). CCBI financial and investment services offer a full range of products and services including sponsoring and underwriting, financial advisory, corporate mergers and acquisitions, market research, investment consultancy and so on. 

The corporate finance and capital market services of CCB International have raised over 3 trillion Hong Kong dollars from the global equity market for hundreds of companies.