The round was co-led by China Life Insurance and SDIC Fund Management and valued the medical device developer at more than $5bn post-money.
China-based medical imaging equipment developer United Imaging Healthcare has raised RMB3.3bn ($505m) in a series A round co-led by insurance provider China Life Insurance, China Money Network reported today.
China Life provided the capital through an unnamed investment subsidiary, co-leading the round with SDIC Fund Management, a private equity firm majority-owned by the Chinese government’s investment holding firm, State Development & Investment Corporation.
The round also included the Chinese state-owned Capital Venture Investment Fund, Citic Securities, CMB International, which invested…
