Popular short video platform of TikTok owner ByteDanceis expanding its targets in the health sector. ByteDance operates women’s and children’s hospitals in many cities in China. Amcare Healthcare announced the purchase. So what are ByteDance’s plans for the healthcare industry?
TikTok acquires women’s and children’s hospital chain Amcare
100 billion yuan (or 1.5 billion dollars) was declared to be completed in return. Amcare Healthcare conducts ByteDance’s healthcare operations Xiaohe Health’s will continue within.
The goals of the owner of TikTok in the health sector are not fully known, but it is possible to say that he has expanded his investment portfolio. Also, the Chinese government prevent the undermining of competition It does not allow technology companies to buy another technology company for
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It is thought that ByteDance will not be involved in operating women’s and children’s hospitals. The Chinese firm, which plans to add more healthcare providers to its portfolio, may combine Amcare with its previous acquisitions. Among these companiesmaternity service for the elite and the wealthyThere are also brands that offer
It should not be forgotten that many companies such as Apple, Amazon and Alibaba have investments in the health sector. Amazon subscription-based healthcare One Medical Bought it for $3.9 billion. Alibaba is in China online pharmacy it operates.
ByteDance first turned to healthcare in 2020. It has invested millions of dollars in companies that conduct drug, DNA synthesis and health information analysis. He then combined these services as Xiaohe Health.
So, what do you think about TikTok owner ByteDance buying the hospital company? Don’t forget to share your views with us in the comments section!