Medbanks

Medbanks Network Technology (also known as Medbanks) provides data processing services to healthcare industry. Medbanks develops an oncology database using information collected from hospitals, providing healthcare organisations with a tumour database, clinical research support, a community for patients and more. The company mainly operates in China.

The company aims to develop smart diagnosis and treatment systems, and to help medical staff to diagnose tumours, provide treatment, and become more efficient.

Medbanks has branches in several major cities in China, including Beijing and Shanghai, and its services are used by researchers, hospitals, biotech companies and pharmas worldwide. It also has more than 70 specialty oncology pharmacies.

In November 2019 Medbanks raised a $142m (1bn Yuan) in a Series D+ round. The funding was led by Tencent, and Wu Capital also participated. The company had secured $57m in Series D funding at the start of the year.