Chinese VC Funding Weekly Overview(1.04-1.08)

Jan 08, 2021


Chinese medical AI firm Shukun lands USD90.4 million in new financing

Shukun Beijing Network Technology, a Chinese medical artificial intelligence company, has secured CNY590 million ($90.4 million) in its latest round of financing. The funding was led by Sequoia Capital China, Beijing-based Shukun said in a statement released today, and brings the total the firm has raised this year to CNY1 billion. The new funds will go toward boosting research and development of original drugs, accelerating product distribution to medical institutions, and fully applying digital productivity in the construction of smart hospitals across China.