ByteDance steps further into healthcare

Chinese tech behemoth ByteDance, owner of popular short video app TikTok, has acquired Beijing Amcare Medical Management Co Ltd, a high-end hospital group that provides women and children with medical services, in an effort to expand its reach into the healthcare segment.

According to the National Enterprise Credit Information Publicity System, as of June 24, Xiaohe Health (Hong Kong) Ltd, a newly-added shareholder of Amcare, held 69.5 percent of shares, while the existing shareholder Xiaohe Health Technology (Beijing) Ltd held the other 30.5 percent of the shares. These two companies are affiliated with the Beijing-based tech giant ByteDance and the deal has been unconditionally approved by market regulators.

Established in 2006, Amcare is a professional women's and children's hospital for middle and high-end customers, providing medical services covering obstetrics, gynecology, pediatrics, assisted reproduction, postpartum rehabilitation and medical cosmetology.

fanfeifei@chinadaily.com.cn