According to foreign media reports, Alibaba Group Chairman Ma Yun said in 2014 that his dream is to make Chinese hospitals better, drugs cheaper and people healthier. Other Chinese science and technology industry professionals is also increasingly optimistic about the health care industry, only the year, investment in Internet health industry will increase seven-fold, to $ 1.4 billion.
Baidu, Tencent, Alibaba Since then, Baidu has developed a mobile application for physicians to provide online consulting services to consumers; Tencent has invested in a number of medical startups; Ma Yun has promoted him through Ali Health Information Technology Co., Ltd. Plan to try to bring medical services online and build an online pharmacy center.
Three years have passed, and from big players to small startups, most Chinese technology companies have failed to make money from these business ventures. Affected by the sudden regulatory adjustments, Ali's health drug tracking and online pharmacy business suffered heavy losses, and its Hong Kong-listed stocks fell more than 70% from the 2015 peak.
According to research firm VC Beat, investment in China's digital healthcare industry fell 10% in the fourth quarter of last year, and fell 40% in the third quarter. At least 26 startups in the sector have closed down.
“Many people started to realize last year that a lot of projects are losing money, and there is no hope of making money,†said Wang Yipei, an investment manager at Fosun Group, a Beijing-based public hospital.
Profitable mode
Ma Yun and other technology tycoons have reason to be optimistic about the potential of China's healthcare industry: millions of people are suffering from chronic diseases such as diabetes and cancer as they grow older, and they are more willing to pay for expensive treatments. Connecting patients, pharmacies and doctors via the Internet seems to be a very profitable model.
“Today's water, air and food safety will definitely lead to many problems in many of our families after ten years,†Ma said in a forum in 2014. He believes that people who can provide solutions will face many opportunities.
In the future of Ali's health vision, any Chinese patient can see a doctor on his consulting platform, prescribe medicine at his electronic pharmacy, and deliver the drug to the patient's door through a fully trackable network.
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