Sun Henan

The move is due to “business adjustment” and will take effect since May 31.

Beijing, once completely empty as authorities enforced quarantine measures through tech applications, is now slowly returning to normal.

The firm will use the fresh capital for product development and expansion.

The tool has been deployed in more than 160 hospitals across China from its launch.

The company forecasted Q1 revenues between USD 173.7 million and 179 million, below analysts’ estimates of USD 398 million. 

China’s largest aggregator, Trip.com, forecasted its revenues to drop 45% to 50% YoY in the first quarter of 2020.

The platform hopes to launch 1,000 courses in the next three years and reach more than 10 million workers.

The two companies have launched a new company that will focus on research and development of new solutions.