Liu Yang, Vice President of iFlytek Healthcare, Cathy Fang, Vice President of YITU Healthcare, and John Gu, Chief Digital Officer at Wuxi NextCODE, joined TechCrunch Hangzhou for a discussion of China’s AI and healthcare.

While the Chinese healthcare market is expected to see $1 trillion of expenses in 2020, the guests agreed that the industry is inevitably encountering hardships as the industry demands highly-profession knowledge. China is still catching up.

Fang said the research direction of her company depends on pain points of the industry and the size of market demand. The ability to address pain points—or persistent and tough problems—that the healthcare industry has been tackling will bring companies bargain power once any technology is demonstrating some advancement. Market demand, as part of China’s huge population and rising health concerns, will boost the companies’ commercial profitability.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com