EQS-News / 06/23/2021 / 10:55 UTC + 8
Sheng Ye Capital makes a strategic investment in LinkedCare, strengthening its presence in the âSaaS + supply chain + digital financingâ consumer health ecosystem
Hong Kong, June 23, 2021 – Sheng Ye Capital Limited (“SY Capital” or the “Company”, as well as its subsidiaries, the “Group”, HKEx: 6069), one of the main fintech platforms in the supply chain, today announced that it has made a strategic investment in medical software as a service (âSaaSâ) provider Shanghai LinkedCare Information Technology Co Ltd. (âLinkedCareâ), in connection with its Series D funding round led by Investcorp. Other co-investors in this cycle include Jinding Capital, as well as existing investors, such as Matrix Partners China, So-Young, and Lightspeed China Partners. This is LinkedCare’s second fundraiser in the past six months, bringing the total fundraising amount to over $ 100 million this year. Investors from previous rounds also include Fosun and Taikang Life Insurance. The participation of reputable institutional and strategic investors reaffirms LinkedCare’s leading position in the market and its growth potential in the âSaaS + Supply Chainâ consumer healthcare segment.
As part of the strategic collaboration and investment agreement, SY Capital and LinkedCare will jointly develop initiatives in the areas of big data analytics and digital supply chain finance for the consumer health sector. . As a strategic investor, SY Capital will leverage its digital technology capabilities to provide flexible financing solutions to LinkedCare and its suppliers within the supply chain ecosystem. The partnership will also drive the digitalization of the supply chain of the dental and medical aesthetics segments, while further accelerating the development of LinkedCare’s supply chain platform and B2B e-commerce activities.
Founded in 2015, LinkedCare provides integrated management solutions for dental clinics and aesthetics businesses. It offers management solutions for clinics and independent chains, electronic medical and health records, customer relationship management on social platforms, intelligent marketing solutions for private domain traffic, intelligent management of operations, B2B consumables e-commerce, inventory, sales and invoice management, insurance payments. , image integration and other services that meet a wide range of needs in the management of medical clinics. Through its open platform, LinkedCare brings together the upstream and downstream segments of the industry by collaborating with reputable third parties to provide end-to-end solutions for clinics. To date, it has provided SaaS management software to over 30,000 dental and aesthetic companies, 80% of which are in the high-end chain segment. Leveraging its in-depth industry knowledge and strong technical capabilities, LinkedCare has demonstrated robust growth and has been consistently ranked among the top providers of SaaS solutions and consumer healthcare management software in China. In addition to SaaS services, LinkedCare is also active in the industrial supply chain space, having launched âLinkedCare Mallâ to connect both the upstream and downstream segments of the ecosystem. To date, LinkedCare Mall has connected over 300 Level 1 brands with over 10,000 SKUs. By adopting a two-pronged “SaaS + Supply Chain” model, it also symbolizes LinkedCare’s ambition to create a complete digital infrastructure for the industry.
SY Capital was the first supply chain fintech platform in China to be listed on the Main Board of the Hong Kong Stock Exchange. The Company is part of the MSCI China Small Cap Index, the Hang Seng Composite Index and is included in the Shenzhen-Hong Kong Stock Connect. Notable institutional investors include Temasek Holdings, China Taiping, and US private equity firm Olympus Capital. Through its âDual-Engine, One-Platformâ strategy, SY Capital leverages industrial technology and digital finance to provide comprehensive supply chain finance services. The company leverages big data analytics to deliver intelligent asset-to-capital matching, delivering a one-stop SaaS and fintech supply chain solution for businesses and financial institutions. As a “national high-tech enterprise”, SY Capital’s technology platform is well established in the digital industrial ecosystem of more than 10 large enterprises, has cumulative total assets under management of over RMB 100 billion and provides flexible financing solutions to more than 8,000 small and medium-sized enterprises (“SMEs”).
Mr. Zhijia Wu, Founder and CEO of LinkedCare, said, âWe are fortunate to have taken a new step forward in the SaaS segment of consumer healthcare, thanks to the trust and support of our partners in the healthcare segments. dental and medical aesthetics. Our SaaS model was designed to connect people, processes, devices and services. It has created a solid foundation for us to deepen our supply chain and value-added service capabilities, which in turn will drive digitization and improve the overall operational efficiency of the supply chain market. “
Mr. Aaron Yuan, Strategy Director of SY Capital, added: âWe have great confidence in Mr. Wu and his excellent team, and we are honored to participate in this fundraiser as a strategic partner of LinkedCare. . We see a lot of in the SaaS segment of consumer healthcare, and believe that LinkedCare’s innovative model for establishing a SaaS-powered supply chain platform is perfectly aligned with our strategy in the industrial technology space. the context of the continuing digital transformation in the consumer healthcare sector, we are looking forward to working with LinkedCare to create a digital ecosystem for the industry and provide the full suite of ‘SaaS + supply chain + financing’ services. digital âto corporate clients within the ecosystem. We will also provide industry resources and supply chain finance support for LinkedCare to solidify its leadership position in the industry. “
SY Capital also recently announced its intention to make strategic acquisitions and investments in the industrial technology and digital finance sectors as part of the acceleration of its âplatformâ strategy. The main areas of strategic interest include industrial SaaS, digital technology, Internet of Things and supply chain platforms, among others. By using an “equity investment + resource sharing + financing” approach, SY Capital will support its owned companies in achieving their growth strategies, creating an open ecosystem focused on partnership to fulfill the Group’s mission of “Improve supply chain efficiency, make finance more inclusive“.
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About Sheng Ye Capital Limited (HKEx: 6069.HK)
Sheng Ye Capital (6069.HK) is one of the leading fintech supply chain platforms. Through its dual-engine, single-platform strategy, the company harnesses industrial technology and digital finance to create a comprehensive supply chain finance ecosystem. SY Capital leverages big data analytics to provide intelligent asset-to-capital matching, delivering a one-stop SaaS and fintech solution for businesses and financial institutions, while effectively addressing financing needs and SME issues within the supply chain ecosystem.
Sheng Ye Capital is listed on the Main Board of the Hong Kong Stock Exchange and is also a member of the MSCI Small Cap China Index, the Hang Seng Composite Index and the Shenzhen-Hong Kong Stock Connect. Notable institutional investors in the company include China Taiping Insurance, Olympus Capital and Temasek Holdings.
Sheng Ye Capital Limited
Phone. : 0755-6188 0088-842
E-mail: [email protected]
Christensen China Limited
Phone. : +852 2232 3933
E-mail: [email protected]
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