Chinese firms target biomedical field worldwide

A slew of Chinese companies, including startups, are seeking to strike it rich in the field of biomedical 3D printing globally.

Privately held startup Zhejiang Xunshi Technology Co Ltd stands out from the crowd, having found its sweet spot in the US market through a subsidiary based in Los Angeles. It mainly conducts research into manufacture of 3D-printed medical equipment.

Jin Liang, Xunshi's general manager, said revenue from the US market was about 15 million yuan ($2.25 million), or 60 percent of company's total, in the first half of this year. "We aim to boost revenue to at least 50 million in the second half."