TCM Box Raises ￥10M in Equity Round Led by Lenovo Tech City to Propel Digital Platform of Traditional Chinese Medicine

According to PEdaily.cn, Traditional Chinese Medicine(TCM) Box ("TCM Box") has received $12M equity financing round led by Lenovo Tech City. The field of "Internet + traditional Chinese medicine" remains attractive to the capital market. Jia Ruiming, the founder of TCM Box, said proceeds from this financing will be used to improve the construction of the supply chain system and further explore in the field of artificial intelligence and big data.

TCM Box is an app belongs to Beijing Mingsike Technology Co., Ltd., which was founded in 2012. TCM Box provides prescription tools and herbs for TCM doctors and patients around the world. With the app, TCM doctors can prescribe for patients online, upload the prescription and check it on follow-up consultation at any time and anywhere. Patients can easily make appointments for off-line consultation of sharing medical center to get the real-time online diagnosis and treatment. Doctors are able to work at multi-places freely to earn their reputation and income.

“the quality of herbs is the root of TCM Box. Every single kind of herbs is selected by a higher standard, with fine production, TCM Box makes sure that people throughout the country can use good traditional Chinese medicine. TCM Box controls the planting process. The pills and paste of traditional Chinese medicine are basically supplied by its own pharmacies to ensure the high quality and affordable price of herbs. Each medicinal herb comes from its origin,” said Jia Ruiming.

TCM Box has also established a tracing system of traditional Chinese medicine to track the whole circulation of medicine, covering the cultivation, collection, processing, producing and sales. It makes data collection, data analysis and big data research of traditional Chinese medicine from the big data and artificial intelligence base of China association of traditional Chinese medicine. It provides a platform for TCM doctors to keep and analyze medical records, and give them strong support for the clinical practice.

Lenovo Tech City was formally established in July 2011, formerly known as the Lenovo Tech City division of Lenovo Group. Through industrial investment and technology product operation, the company connects leading enterprises with the local government to make a contribution to industrial upgrading. It mainly invests in the fields of TMT, financial business, new energy, consumer, medical, machinery manufacturing, large-scale agriculture, and tourism.