The latest financing round was in March 2021. LinkDoc, as the first unicorn in the area of medical AI and big data, has finalized six rounds of financing backed by leading medical industry investors including Alibaba Health Information Technology Ltd (0241: HK), Temasek, and Lake Bleu Prime Healthcare Master Fund since its establishment in 2014. However, the loss widened in the first quarter of 2021 to CNY 80 million from 56 million in 2020. The corresponding net operating loss was CNY 138 million in 2021, an increase of 116% from CNY 64.15 million in 2020.įrom 2019 to 2020, the adjusted net loss narrowed to CNY 232 million from CNY 389 million. In the first quarter of 2021, the operating loss was CNY 90.216 million compared with CNY 59.08 million during the same period in 2020. The corresponding net operating loss was CNY 434 million and CNY 488 million. LinkDoc recorded an operating loss of CNY 408 million and CNY 250 million in 20 respectively. In the first quarter of 2021, they took a combined 80.2% of the total revenue, 6.8% lower than a year earlier About 75% and 85.5% of the total revenue in 20 was from them. The prospectus also showed that most of the earnings came from the sales of medicines and health care products. In the first quarter of 2021, LinkDoc generated CNY 223 million in revenue, compared to CNY 159 million in the same period in 2020.
It is said that LinkDoc shelved the plan due to toughened Chinese cybersecurity regulations on overseas-listed companies.Īccording to its latest prospectus, LinkDoc’s revenue rose to CNY 941.6 million (USD 148 million) in 2020 from CNY 4.99 billion in 2019, up 89% year on year. However, it called off the process on July 9. On July 1, 2021, LinkDoc updated its IPO prospectus after it was first filed in June of the same year. The company, which is reportedly backed by Alibaba, filed for an IPO last month and was due to set a price for its shares later today (Thursday July 8).
LinkDoc Technology recently withdrew its IPO application in the US market after a nine-month halt to the process. LinkDoc Technology Ltd has suddenly shelved an IPO that was set to raise up to 211 million in the US, according to sources who spoke to Reuters and Nikkei.
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