MaHui Member WeiMai Closes RMB 200 Million Series D Round, Existing Shareholder Source Code Capital Continues to Increase Stake

WeiMai has completed a RMB 200 million Series D funding round.

New investors in this round include CITIC Bank Investment, Qiushi Capital, Zhejiang Yuhang Industrial Transformation and Upgrading Fund, Deqing County Industrial Development Investment Fund, and Jiaxing Nanhu Equity Investment Fund. Existing shareholders Source Code Capital, Cenova Capital, and Yuanjing Capital also participated with follow-on investments.

Source Code Capital, an existing shareholder, led WeiMai's angel round and has participated in multiple subsequent rounds, making it a long-term partner to the company.

The proceeds will be primarily used for R&D in disease-specific management solutions and AI.

WeiMai will continue to deepen partnerships with top domestic and international medical institutions, introducing advanced medical technologies and concepts to continuously optimize and improve its existing health management service system.

Particularly in the application of artificial intelligence, WeiMai will increase investment to promote the widespread use of AI in medical diagnosis, disease prediction, and personalized health management, further enhancing the intelligence and precision of medical services.

Jialin Qiu, Founder and CEO of WeiMai, said: "Managed care organizations (MCOs) are a new species in China. Over the past nine years, we have consistently integrated MCOs with China's healthcare reform practices, forging a path with Chinese characteristics — what we call C-MCO. Through technology-enabled upgrades to medical services, we provide users with full-cycle management services covering pre-hospital, in-hospital, and post-hospital care, truly centering on patients, ensuring medical quality, improving health management coverage, and raising the health level of ordinary people. This offers an innovative digital health service model for deepening healthcare reform.

Going forward, WeiMai will remain committed to our original mission of 'making healthcare services accessible.' With greater professionalism, openness, and a spirit of seeking truth, we will embrace our users and ecosystem partners, enabling more hospitals and serving more patients through C-MCO services. Do the right thing, and time will tell."