Software company Longmaster has acquired the online healthcare portal in a $105m deal that has allowed IDG Capital Partners to exit.
IDG Capital Partners, the China-based corporate venturing unit of media publishing company IDG, is set to China-based healthcare internet portal 39.net after 39.net’s company is acquired, Asian Venture Capital Journal has reported.
Software company Longmaster Information & Technology has agreed to acquire China-based Guangzhou Qisheng Information Technology, the portal which operates 39.net, for RMB 650m ($105m). Longmaster will buy the company in a share swap and cash deal.
IDG paid $15m for a sizeable stake in 39.net after it was…
