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Tencent Going for China’s $2.3 Trillion Healthcare Market

Naomi Gray
Tencent Going for China’s $2.3 Trillion Healthcare Market

China’s healthcare market was estimated to be ~$710 billion in 2017, and it’s on track to hit $2.3 trillion by 2030, according to government estimates cited by the People’s Daily newspaper. Tencent (TCEHY) is pursuing this opportunity. In recent months, Tencent has partnered with several global drugmakers to help it capitalize on China’s rapidly expanding healthcare market.