Safe doctor, not too "safe" recently

Introduction: How the billion-dollar market ingenuation story continues!On Friday (May 15), Wang Tao, chairman and CEO of Ping An Good Doctors, was dismissed as a surpriseHowever, did not expect this personnel turmoil is actually a seriesAccording to Caixin, from Ping An internal sources learned that, following Wang Tao's removal, the company's chief secretary, chief operating officer (COO), chief product officer (CPO), chief technical officer (CTO) and other management have been all removed from office, by Ping An Group appointed new management has been appointed to take overunder the catalyzing of the epidemic, the development of Internet medical care ushered in the dawnAccording to Analysys data, during the 2020 Spring Festival, the peak of independent APP daily activity in the field of internet medical online consultation reached 6.712 million, with a maximum increase of nearly 1.6 million people, or 31.28 percentPing An Good Doctor in The period from January 20 to February 10, 2020, the cumulative number of visitors to the platform reached 1.11 billion, the number of new app registered users increased 10 times, app new users daily average number of 9 timesIn this critical moment to carry out a high-level blood change, is forced helpless or "planning for a long time"?with a golden spoonas ping An Group's strategic layout in the field of health care, Ping An Good Doctor was born in August 2014, May 4, 2018 listed on the Hong Kong Stock Exchange, becoming the shortest time to list Internet medical enterprisesthe importance of talent and money is self-evident to a start-upIn terms of talent, Ping An Group Chairman Ma Mingzhe personally selected for Ping An good doctorsAt the end of 2013, at the invitation of Chairman Ma Mingzhe, Wang Tao joined Ping An to create a good doctorPrior to joining Ping An, Wang Tao was the chief technology officer of Jinshan Technology, senior vice president of Alibaba Group, chairman of Ali Software, and was hailed by the industry as the "father of China's software operations applications"Within The Well-Being doctor, Wang Tao was described as a "teenage genius"Although Internet medical care is a "burning money" area, but under the escort of Ping An Group, in terms of funds, Ping An good doctors do not have to worry, registered capital as high as 350 million yuanThen, in April 2016, Ping An Doctor completed a $500 million Round a round of financing, the largest single financing in the global Internet healthcare sector and two records for the highest valuation of round A; review the development of a good doctor, can be described as smooth, unlimited scenery the hidden worries behind the landscape
in the 2018 prospectus, the Frost Sullivan report claims that Dr Ping An has become China's largest Internet medical platform Today, Ping An good doctor market value of more than 100 billion, in terms of market value alone, has become China's Internet medical leader But behind all the scenery, but can not change the fact of annual losses February 11, 2020, Ping An Good Doctor sreleases its 2019 annual results During the reporting period, the company's total revenue was RMB5,065 million, up 51.8% YoY, of which core business online medical contribution revenue reached RMB858 million, up 109% YoY, and net loss was RMB746 million, down 18% YoY 2015 so far, Ping An Good Doctors has been in a loss state for five consecutive years, losing 320 million yuan, 760 million yuan, 1 billion yuan, 910 million yuan and 746 million yuan, respectively, in 2015-2019, with a cumulative loss of more than 3.7 billion yuan sources: Oriental Wealth In Wang Tao's planning, Ping An good doctor will go through four stages: perfect ingesting user scenarios, data accumulation, explosive revenue growth, large-scale profitability But the 2019 results show a slowdown in business growth The overall revenue growth rate of Ping An Doctors was 51.76 percent in 2019, compared with 115.83 percent, 210.56 percent and 78.68 percent in 2016, 2017 and 2018, respectively Specifically, in addition to core business online healthcare growth of more than 100%, health mall is 55.7%, while consumer health care and health management and interaction of the two businesses only about 23% source: Ping An Good Doctor 2019 financial results
in addition to the earnings situation, Ping An good doctor sotherity is another unoptimistic situation - relying on Ping An Group "blood transfusion." How much revenue does Ping An Group contribute to Ping An Good Doctor? related transactions have been a high proportion of Ping An's total revenue Take Family Doctor Services (renamed "Online Healthcare" in 2019), which was not disclosed in 2015-2017 by Ping An Group at 100%, 100% and 97.2% respectively In 2019, Ping An Life Insurance, Ping An Insurance, Ping An Health Insurance, Ping An Bank and other related parties purchased 2.248 billion yuan, accounting for nearly half of the total revenue source: Ping An good doctor 2019 financial report
see here, many people can not help but feel, back to the tree good cool! a good doctor who is not very "safe
the recent good doctor seems to be less "safe" On May 8, Ping An Good Doctor went online with the heart-brain monitoring platform - Health Guardian The next day, Xueyang Technology CEO Ma Jianfei on Weibo accused Ping An good doctors are not competing, "health guard" vices copied its core products "settling early warning watch", and proposed 50 million yuan compensation Although The well-being doctor sly denied it, but has been off the shelf "health guard." "
May 15, Cheyenone Announced that it had launched a lawsuit On the same day, Wang Tao was removed from his post, and some people will speculate on whether it is related to the "plagiarism" storm However, the small editor felt that the relevance is not great, after all, "plagiarism" results are not yet known I think one of the reasons behind Tao's departure should be performance Wang Tao personally in the circle of friends said that "with my own proposal, the board of directors approved, I will no longer serve as chairman and CEO of Ping An Good Doctor." However, Ping An Good Doctor issued a supplementary announcement that Wang Tao, the former chairman, executive director and chief executive officer, had not fulfilled his management duties as expected by the board of directors, and the board of directors decided to remove Wang Tao from his post as chairman of the board Source: Ping An Good Doctor's Announcement
What the so-called expectations specifically refer to, we do not know, but as a listed company, to be accountable to investors and shareholders Wang Tao did not lead Ping An good doctors to achieve profitability during his tenure is a fact, and relying on Ping An Group "blood transfusion" is not a long-term solution In contrast, its more threatening rival, Micro medicine, which made a profit in 2016 Coupled with the constant emergence of industry rookies, Ping An good doctors should be under no small pressure in fact, several executives have left ping an doctor recently At the end of last year, non-executive directors Li Yuanxiang and Luo Zhaohua announced their departures, and in February this year, non-executive directors Du Wenwei and Wang Wenjun left , it was unusual for Mr Dong, the Chief Operating Officer (COO), the Chief Product Officer (CPO) and the Chief Technology Officer (CTO) to be removed Industry sources said that the creation of Ping An good doctor "Ali Department" executive team exit, a series of personnel shocks and the new CEO background foreshadowed Ping An good doctor steam edging up by ping an group, followed by more business changes and the possibility of asset restructuring 100 billion market value stories continue follow-up action is pending, but the right leader is critical to achieving new strategic goals Wang Tao's successor, Fang Weihao, joined Ping An Group in August 2012 and is currently the Co-Chairman and CEO of Ping An Healthcare Technology, Chairman and CEO of Ping An Leasing in the field of medical and health care, Fang Weihao actively implementping Ping An Group's "medical health ecosystem" strategy, establishing a Ping An Health (testing) center, the first in the country to image diagnosis, medical examination and precision examination "trinity" of the third-party medical services industry, and actively promote the national graded diagnosis and treatment policy smoothly landing At the beginning of 2019, Fang Weihao became co-chairman and CEO of Ping An Health Insurance Technology, leading the team to gradually establish the core advantages of technology-driven, data empowerment, insurance experience, medical ecology, and financial services, and made a number of breakthroughs from the above introduction, you can see the Ping An Group's other side of the recognition of expectations, said Ping An good doctor will be under his leadership, seize the Internet medical industry's major development opportunities, and further open the Ping An medical health ecosystem closed But at this stage of the good doctor sit down is not easy to lie down to win, on the contrary, facing to get rid of the group "blood transfusion", solid core business, to ensure independent innovation of products, to maintain explosive growth in performance, so as to achieve profitability, so that hundreds of billions of market value is genuine, no longer "bubble" responsibility editor: three or seven statement: This article only on behalf of the author himself, does not represent the position of the drug intelligence network, welcome to exchange supplements in the message area; related label: national , good doctors 0
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