Neusoft Xikang Raises A Second Round of Financing,with PICC Strategically Leading the Investment

SHENYANG, China, August 2, 2016 -- Today, Neusoft Xikang Healthcare Technology Co., Ltd. ("Neusoft Xikang") announced that the company has begun its second round of financing, and introduced PICC Property and Casualty Company Limited ("PICC"), Alps Electric Co., Ltd. ("Alps") and other strategic investors, with the total amount of 64 million U.S. dollars of financing.

Neusoft Xikang announced that this round of financing is for the strategic investors in commercial insurance and wearable health devices industries, which demonstrates the further integration of Neusoft Xikang’s health management with commercial insurance and sensing technology.

According to the announcement, Neusoft Xikang has closed its first round of financing with Hony Capital, Goldman Sachs, and other investors recently.