Tencent making a move into healthcare

Tencent Holdings Ltd has invested $70 million for a minority equity stake in DXY.cn, China's largest online healthcare service community, with the transaction expected to be completed by the end of the month.

Tencent President Martin Lau said that the company has been closely following the healthcare sector and identified DXY as an industry leader.

"Tencent is capable of connecting DXY's talented pool of healthcare professionals and their medical knowledge database with tens of millions of users," Lau said. "This improves the ease with which our users can access healthcare information and professional medical help."