Waterdrop Medical Crowdfunding

Waterdrop Medical Crowdfunding (水滴筹) is the personal critical-illness fundraising platform operated by Waterdrop Inc., founded in 2016 by Peng Shen, who serves as the company's CEO . It pioneered China's zero-fee fundraising model for medical expenses, becoming the country's largest platform of its kind . By late 2018 it had served nearly one million economically disadvantaged patients, raising over RMB 12 billion from more than 400 million individual donations . The platform operates primarily within WeChat's ecosystem through official accounts and mini-programs , and functions as a loss-leading, post-illness aid service designed to awaken donors' awareness of their own health-protection needs . Waterdrop Inc., which also runs the mutual-aid community Waterdrop Mutual Aid and the insurance marketplace Waterdrop Insurance Mall, listed on the NYSE in May 2021 as the exchange's first "InsurTech stock" .