Ant group is allegedly in discussions to obtain Haodf.coma Chinese platform that offers online consultations with doctors.
The Jack MaThe FinTech-backed company is interested in a deal with such a company as it seeks new areas where to grow and is looking to expand its artificial intelligence Healthcare Services, Bloomberg reported Friday (August 16), citing unnamed sources.
According to the report, the talks are still at an early stage.
Ant Group did not immediately respond to PYMNTS’ request for comment.
Hoadf.com received funding from companies such as Tencent Holdings and DCM Ventures and was valued at 6.5 billion yuan (about $907 million) in a funding round in 2017, the report said.
According to the report, Ant Group is expanding into AI. Its efforts in the field include investing in video generation startup AI Sphere, obtaining regulatory approval from China to launch products based on its large language model Bailing, developing language model-based applications for wealth management and insurance services, and providing open source for its AI-powered coding platform CodeFuse.
In May, it was reported that Ant Group is expanding its business overseas to slowed growth in its home market of China. The company’s profits fell 19% in the December quarter and 92% in the previous quarter.
Ant Group business unit Ant International‘S Antonym in June acquired Payment service provider based in Amsterdam MultiSafepayand said that the company in Antoms own Payment and digitization services.
“With digital innovations, we look forward to working together to create safer, more flexible And efficient payment solutions with cross-industry partners so that small businesses can succeed in a truly inclusive and sustainable global trade ecosystem,” Gary LiuGeneral Manager of Antom Global, said in a press release announcing the acquisition.
When Ant Group launched its applications for Asset management and insurance services in September, the company said the underlying language model was specifically optimized for AI applications in the financial services industry.
Ant Group said this model is superior to general-purpose models in several key areas and the The company intends to use the solution in cooperation with institutions in the Chinese market for all digital financial services.
