Big tech companies see an opportunity in healthcare but making their businesses profitable has been a challenge to date.
A doctor checks a patient's CT scan at the imaging department of Boxing County Traditional Chinese Medicine Hospital in Binzhou, China, February 10, 2024. Credit: Costfoto/NurPhoto via AP Images
Amid a wave of closures of private hospitals and rising demand for medical services and drugs in China, some of the country’s tech giants are stepping in — both online and in bricks and mortar.
Source: Beijing Municipal Health Commission
ByteDance, the parent company of TikTok, received approval last month for its subsidiary Amcare Healthcare to open a new 800-bed private hospital in Beijing. Tencent has made two investments in the medical field already in 2025, including into a compan
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