Chunyu Yisheng Closes Series E Financing

According to VCBeat, on September 10, 2020, Chunyu Yisheng announced the completion of a Series E financing, led by Sogou with participation from InnoVision Capital and Huajin Fund.

Chunyu Yisheng, founded in 2011, is the pioneer in the Chinese mobile medical industry, Chunyu Yisheng has successively launched innovative medical service models such as online consultation, online clinics, family doctors, health station, and Internet hospital.

Among them, Chunyu Yisheng's online consultation has become the most mature business in the online medical industry at present, which can achieve a 3-minute rapid response in 7×24 hours. The intelligent triage service and AI-assisted system of Chunyu Yisheng have greatly improved the diagnostic efficiency and accuracy. It also provides proprietary and third-party medical libraries for doctors and patients in real-time.

By August 2020, more than 630,000 Chinese doctors practicing in off-line hospitals have gathered in the platform of Chunyu Yisheng, covering all the departments in hospitals, with more than 130 million registered users and daily inquiries peaked at more than 300,000. During the COVID-19 outbreak, Chunyu Yisheng gave free online consultations in respiratory, infectious, psychological and other urgently needed departments, and served more than 1.53 million patients in total, making contributions to preventing the spread of the epidemic and ensuring the health of the people.

Mr. Zhang Rui, the founder of Chunyu Yisheng, put forward the five-pointed star model of connecting "doctors, patients, hospitals, medicine/devices and insurance". After this round of financing, Chunyu Yisheng will restart the development of this model, consolidate the core business of online consultation, improve the application of AI-based consultation and medical big data, and explore the innovation of the healthcare service system integrating consultation, hospital services, medicine, chronic disease management, and health insurance.

Sogou is an innovator in search and a leader in China's internet industry. Sogou has a wide range of innovative products and services, including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC. Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&A.

Founded in 2016, IVC is a Beijing-based venture capital firm. The company adheres to the industry-research-oriented long-term value investment strategy and deeply explores opportunities in new retail, new services, consumption upgrading, fintech and other fields.