Recently, “Beijing Ninghe Kangrui Medical Management Co., Ltd.”, which is ultimately controlled by Douyin Group Co., Ltd., was formally established, with a registered capital of 734 million yuan. Some media interpreted this as “Douyin enters the medical rehabilitation business” or “Douyin establishes a new medical company.” In response, the relevant person in charge of the US-China Yihe Group said that the establishment of the company was based on the needs of the US-China Yihe Group's medical business operations and was not a new business. According to information, the US-China Yihe Group was wholly acquired by ByteDance in 2021 and currently maintains independent operations.

Zhitongcaijing · 01/07 09:01
Recently, “Beijing Ninghe Kangrui Medical Management Co., Ltd.”, which is ultimately controlled by Douyin Group Co., Ltd., was formally established, with a registered capital of 734 million yuan. Some media interpreted this as “Douyin enters the medical rehabilitation business” or “Douyin establishes a new medical company.” In response, the relevant person in charge of the US-China Yihe Group said that the establishment of the company was based on the needs of the US-China Yihe Group's medical business operations and was not a new business. According to information, the US-China Yihe Group was wholly acquired by ByteDance in 2021 and currently maintains independent operations.