GUANGZHOU, China, Dec. 4, 2018 /PRNewswire/ -- China's leading one-stop healthcare ecosystem platform, Ping An Health Medical Technology Company Limited ("Ping An Good Doctor") (stock code: 01833.HK) attended the 80th Session of the National Pharmaceuticals Trade Fair ("Pharm China"), where the Company showcased a number of its cutting-edge artificial intelligence (AI) medical technology achievements, including "one-minute clinics" and the "Modern Physician Hua Tuo" program. Mr. Wu Zongxun, the Chief Product Officer of Ping An Good Doctor, was invited to attend the National Pharmaceutical Industry Innovation and Development Forum at the Pharm China, and he delivered a keynote speech titled "Pharmaceutical Enterprises Join Hands with Internet Healthcare to Build New Retail of Medicine". Mr. Wu further explained how Ping An Good Doctor connects patients, doctors and pharmaceutical enterprises through the internet and AI technology, providing one-stop marketing solutions for pharmaceutical enterprises.
Pharm China is one of the most prestigious and longest-running trade fairs for pharmaceutical preparations, healthcare products and technical services in China. It is dedicated to advocating the concept of "medical technology creates a healthy future" and is the industry event that best represents the future development trends of the pharmaceutical industry.
The Company's one-minute clinic was the star attraction at Pharm China. Developed by Ping An Good Doctor, it is the first unmanned clinic in China to be commercially applied on a large scale. Users sit down in the booth and start a conversation with a doctor. With the help of on-site examination equipment, the AI Doctor and/or doctors make a preliminary diagnosis for the patients. Patients can then purchase medicine according to the doctor's recommendations from the nearby smart medicine cabinet, which offers more than 100 kinds of commonly used drugs.
A Ping An Good Doctor spokesperson said, "The one-minute clinic connects our in-house medical team, which consists of more than a thousand medical personnel, with our AI technology, AI Doctor. It also combines the online consultation with our smart medicine cabinet, realizing a one-stop solution offering AI pre-diagnosis, online consultation and purchase of medicines. The one-minute clinic has received high praise from its users."
The Company's AI technology has also made breakthroughs in the field of Traditional Chinese Medicine ("TCM"). The core product of the Modern Physician Hua Tuo program, the smart pulse-taking device, has attracted a lot of attention. The device can quickly identify and take the pulse of the user when he or she places it over their wrist. The results and graphic data collected by the device will be transferred to the TCM doctors, helping them to make a diagnosis and recommend treatment.
A Ping An Good Doctor spokesperson said, "The AI technology allows the Modern Physician Hua Tuo program to collect and memorize the information of TCM patients that is normally collected by doctors. The program then accumulates and corrects the collected data, innovatively advancing the standardization, informationization and intelligence of TCM practices."
About Ping An Healthcare and Technology Company Limited (01833.HK)
Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor", stock code: 01833.HK) is the leading one-stop healthcare ecosystem platform in China. By combining "mobile health + AI technology", the Company strives to provide every family with a family doctor, every person with an e-health profile and everyone with a healthcare management plan. Ping An Good Doctor has established a comprehensive, one-stop healthcare ecosystem covering family doctor services, consumer healthcare services, a health mall as well as health management and wellness interaction.
As of the end of June 2018, there were 228 million registered users and the Company's MAU reached 48.6 million. Ping An Good Doctor is today the largest mobile medical application in China in terms of user scale. Ping An Good Doctor employs more than a thousand medical personnel (Assistant Supervisor Level or above from Class III Grade A Hospitals) in its in-house medical team and contracts with 4,650 renowned external doctors. This in-house medical team, empowered by our proprietary AI technology, provides users with 24 x 7 online consultation services. In our offline partnership network, Ping An Good Doctor collaborates with approximately 3,100 hospitals (including more than 1,200 Class III Grade A hospitals) to provide services such as hospital referral, appointment and inpatient arrangements. Ping An Good Doctor also partners with more than 2,000 healthcare institutions, including physical examination centers, dental clinics, cosmetic surgery institutions and more than 10,000 pharmacy outlets, to provide relevant health and wellness services to our users. By integrating our AI-empowered medical team, external doctors and offline network, Ping An Good Doctor has established a closed-loop healthcare ecosystem which enables our users to enjoy online consultations and online drug purchases, as well as online consultations and offline follow-up treatment, thereby providing convenient, high-quality and efficient family doctor services.
In April 2015, the App "Ping An Good Doctor" was officially launched. In May 2016, the Company completed an A round financing and raised US$500 million. In December 2017, the Company completed the pre-IPO financing from Softbank Vision Fund, during which it raised US$400 million. On 4 May 2018, Ping An Good Doctor became the No.1 listed internet health-tech company in the world when it joined the Hong Kong Stock Exchange, stock code 01833.HK. Our IPO cornerstone investors include Blackrock, Capital Group, GIC, Canada Pension Plan Investment Board, Khazanah Nasional Berhad, Swiss Re and CP Group.
