TikTok’s owner ByteDance has fully acquired online medical encyclopedia Baikemy.com at an undisclosed price, Chinese media outlet Caijingtuya reported on Tuesday.
Baikemy, which was set up in 2010 in Beijing, is one of China’s largest medical information portals, offering professionals-generated content (PGC). The site hosts an array of explainervideos by doctors aboutdiseases such as flu, pneumonia, and depression, among others. The platform also offers a section where medical professionals answergeneral questions about health issues and diseases.
The company closed its Series B round, bagging about USD 10 million from investors led by Cenova Capital in August 2019, according to Caijingtuya.
Earlier than Baikemy, ByteDance closed the acquisition of Wikipedia-like online encyclopedia portal Baike.com, KrASIA reported in September 2019. Following the agreement, the site was renamed as Toutiao Baikeat the end of last month.
It is yet to be seen how ByteDance will integrate Baikemy into its huge ecosystem of apps covering entertainment, news, education, and search engines.
This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.