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TikTok-Owner Bytedance acquires a hospital chain in China for $1.5 billion

 2 years ago
source link: https://nextbigwhat.com/tiktok-owner-bytedance-acquires-a-hospital-chain-in-china-for-1-5-billion/
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TikTok-Owner Bytedance acquires a hospital chain in China for $1.5 billion

  • August 9, 2022
  • ByteDance Ltd. has acquired one of China’s largest private hospital chains for about $1.5 billion, deepening a foray into health care via one of the largest domestic tech deals since Beijing’s internet crackdown.
  • ByteDance’s health-care app Xiaohe competes with Alibaba Health Information Technology Ltd. and Ping An Healthcare and Technology Co. in online consultations, hospital appointments and wellness services.
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