China’s medical & healthcare industry is like a fresh apple just ready to be eaten by startups and investors. Zhang Suyang, previously a well-known investor at IDG Ventures, China’s top venture capital, founded Volcanics Ventures (火山石资本) last year, to focus on the medical industry. At TechCrunch 2017 Shanghai, he said China’s medical & healthcare industry has two characteristics: information asymmetry and more demand than supply, making the sector ready to be tackled.

He also mentions that genetic testing can help China’s medical industry, with startups including consumer genetics testing company Prenetics, allowing people to take a preventative approach to healthcare.

Volcanic Ventures invests in the Series A and B mostly in the medical sector, AI, and cultural entertainment. The fresh born venture capital has invested in four medical startups, three AI startups, and one cultural entertainment startup since last year.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com