The China-based corporates will invest across the healthcare industry in order to build a diversified ecosystem in the sector.

Health and wellness product manufacturer Tasly Holding Group and insurance firm Taikang Life Insurance jointly launched a RMB5bn ($783m) healthcare fund on Tuesday.

The China-based corporates aim to build a health product ecosystem through the fund, in which Taikang is the lead investor. In addition to capital, Tasly will also provide strategic expertise.

The fund will target speciality hospitals, medical device technology, diagnostics, Chinese herbal medicine and health food businesses, telemedicine, mobile health and healthcare-focused big data technology.

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