Business
TNMD ANNOUNCES ENTRANCE INTO CHINA’S $1 TRILLION HEALTHCARE MARKET
TNMD ANNOUNCES ENTRANCE INTO CHINA’S $1 TRILLION HEALTHCARE MARKET.
About this update from Tianrong Med Group, Inc.
[{"type":"text","content":"Tianrong Medical Group, Inc. (OTC: TNMD) today announced the Company’s entrance into China’s booming $ 1 trillion healthcare sector through its wholly owned subsidiary, China based Sichuan HuanMedia Co. Ltd. https://www.huanmedia.com . The Company is expanding its Big Data connectivity to the medical sector, by providing equipment such as escort beds, chairs and wheelchairs in hospitals under the publicly well-accepted share system and share payment scheme. HuanMedia will also provide Wi-Fi connectivity for patients and visitors in hospitals, expanding the smart mobile services such as patient registration, remote patient consultation and pharmacy prescriptions to potentially 900 million Chinese citizens.The management of TNMD believes that with the maturity of Internet technology and penetration of mobile networks into every corner in the world, smart healthcare has gradually become one of the important development trends in the medical industry. In response to the national Internet+ strategic direction in China, various medical institutions and Internet companies are actively exploring a new generation of smart medical solutions incorporated with Artificial Intelligence technology.The Company will undertake a series of Joint-Ventures and investments which will allow the monetization of the patient’s Key Performance Indicator (KPI) and data of the patient results from its huge network. TNMD’s investment banker, Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/ will be directing these initiatives.Howard He, CEO of Huanmedia stated, “Penetrating into China’s enormous health care sector is one of the major steps in the Company’s Big Data strategy. Our goal is to provide a wide range of services to patients and visitors in hospitals and fully deploy the “Internet of Things” in hospitals that connects objects, people and processes, in order to create new capabilities and experiences.”The management of TNMD released the following statement, “We believe the Big Data strategy will be a highly strategic step in our business model. The investment opportunities of big data technology in China are expected to register a CAGR of 30% over the forecast period (2021 - 2026). China's growth trajectory has begun to slow in spite of the government's efforts to provide stimulus. Big data has enormous potential to revolutionize Ch...