Cai has left the Tencent Holdings -backed firm while being offered an advisory role, the people said. In preparations for the listing, WeDoctor is splitting the business into two parts, with plans to list its health care services operations, which include both online and on-the-ground consulting, they said. Its more sensitive data business that handles personal medical records will be spun off and kept private to comply with regulatory demands, the people said. WeDoctor was seeking to raise US$500 million to US$1 billion in the listing, a person familiar has said. WeDoctor and Cai declined to comment.

Source: The Standard December 17, 2020 05:26 UTC