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IDG Capital led a $100-million Series C round in Weimai, a Beijing-based healthcare solutions provider. Founded in 2013, the online platform offers appointments, medicine distribution, remote diagnosis, medical record management and other healthcare services. The proceeds from Weimai's latest funding round will be used to expand the company's network of alliances with hospitals, clinics and service providers, and to invest in Internet technology.
Shanghai-based luxury retailer Secoo jointly established an artificial intelligence laboratory with the Chinese Academy of Sciences (CAS). The partnership will leverage big data and AI technologies to develop an intelligent authentication system and smart-content tagging system for counterfeiting prevention. IDG Capital previously invested in Secoo's Series A, B and C funding rounds. Secoo first went public on Nasdaq in 2017.