Tencent-backed WeDoctor is hiring a new CFO to lead a Hong Kong initial public offering in late 2020 or 2021, according to a Bloomberg report today.
John Cai, formerly chief executive for AIA’s operations in markets including China, Malaysia and Vietnam, will join the healthcare startups as CFO and the healthcare firm’s board as vice chairman in a few weeks, the report quoted anonymous sources as saying.
The firm has already reached out to investment banks and would choose underwriters over the next few months, according to the report.
The startup business spans insurance policies and medical supplies to online appointment-booking and physical clinics, aiming for a US $10 billion valuation when it goes public, the report cited anonymous sources as saying.
WeDoctor said in a statement that it connects 360,000 doctors with about 210 million registered users.