A Late Starter, ByteDance Begins to Accelerate Its Effort in Healthcare
The Chinese upstart behind TikTok has emerged into a major venture capital investor. Q3 2021 hedge fund letters, conferences and more Online healthcare (or telehealth) has been in the spotlight in 2021. As consumers' awareness and acceptance continued to improve, telehealth utilization rose to 38 times the pre-COVID-19 baseline. And the skyrocketing investment in the virtual-enabled healthcare industry has further boosted its valuation to CNY 1.2 trillion, according to EqualOcean data. Pivots by tech giants towards healthcare have not been uncommon in recent years. Alibaba Group Holding Ltd (N...