Business
Zhongchao Inc. Announces Strategic Cooperation with Ximalaya
SHANGHAI, May 12, 2023 /PRNewswire/ -- Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a platform-based internet technology company offering
About this update from Zhongchao Inc.
[{"type":"text","content":"SHANGHAI, May 12, 2023 /PRNewswire/ -- Zhongchao Inc. (NASDAQ: ZCMD) (\"Zhongchao\" or the \"Company\"), a platform-based internet technology company offering services for patients with cancer and other major diseases, today announced that Beijing Zhongchao Boya Medical Technology Co., Ltd. (\"Boya Medical\"), one of the Chinese operating entities of which the Company consolidates the financial results with through certain contractual arrangements, has signed a strategic cooperation agreement with Shanghai Ximalaya Technology Co., Ltd. (\"Ximalaya\"), a widely popular Chinese online audio sharing platform in China. Over the next three years, both parties will work together towards the common vision of \"serving a better life through health communications.\" The cooperation will focus on health knowledge popularization, disease prevention advocacy, and behavioral intervention, gradually improving public health literacy.\nPursuant to the cooperation agreement, both parties will integrate and leverage their respective strengths to enhance precision communication in health knowledge popularization. By leveraging the convenience, instant updates, and personalized services and features offered by Ximalaya's online subscription platform, users will receive tailored contents based on their preferences. Boya Medical, utilizing its accumulated experiences in medical education, will provide Ximalaya's users with valuable health and medical information, foster public self-care awareness, and enhance users' disease prevention and control capabilities. The collaboration aims to create a healthy, balanced, and vibrant content ecosystem on Ximalaya's platform. In addition, the collaboration will explore diversified cooperation in intellectual property (\"IP\") incubation of streamers focused on health knowledge popularization, copyright development, media operations, and brand co-creations, in order to maximize IP value, and brand value. Furthermore, both parties will research and develop healthcare and wellness care cooperation projects to support each other's business growth.\nZhongchao anticipates that the cooperation with Ximalaya will improve health care knowledge popularization in China and facilitate communications and knowledge sharing among doctors. The Chinese public is actively seeking health information, and people can search online...