China: Mobile health apps woo insurers but rewards are wanting

Unprofitable mobile health apps are turning to insurance companies for partnerships that will benefit them both, but major obstacles remain. The latest investment in the sector that made headlines on 20 May was a record-breaking US$500-million capital injection into Ping An Good Doctor, a smartphone app operated by a subsidiary of conglomerate Ping An Insurance (Group) Co. The previous record had been held by We Doctor Group, or Guahao, when it raised $300 million in 2015, reported the business publication, Caixin.