Millet Layout Mobile health field: 25 million USD investment nine health care

NetEase technology News September 18, in the annual press conference in July, Millet launched the first wearable smart equipment, millet hand ring, with sleep statistics, real-time movement monitoring, healthy living recommendations and other functions, http://www.aliyun.com/zixun/aggregation/ 34264.html "The intention of the > Layout Mobile health field is not difficult to see.

JIU an medical (securities code: 002432) announced late today that it has signed an investment agreement with Xiaomi Ventures 2¥q ("Millet investment"). The company intends to adjust the ihealth related global business to the proposed new independent entity (the proposed ihealth INC) structure through the adjustment of the shareholding structure and the stripping of the personnel business. Millet investment will add 25 million U.S. dollars to this entity, after the completion of the increase will account for 20%.

The company will set up a wholly-owned subsidiary in the foreign countries and allocate all the ihealth overseas companies to the new subsidiaries, and ihealth the relevant personnel, patent and trademark proprietary technology to the newly established subsidiaries. Ihealth will become a partner in the field of mobile health, millet company will work with Ihealth in the user experience, millet power and cloud services to carry out in-depth cooperation to create a mobile health cloud platform.

Millet investment after the total equity 10% as an inventory unit for Employee equity Incentive, 70% of the equity portion by nine health care holdings.

In addition, millet investment and nine health care also signed a special agreement on intellectual property Rights, millet investment and its associated parties committed to the completion of this project within two years after delivery is not to invest in the following products for the main scope of business projects or companies ("Corporate competitors"):

1 medical platform or product based on health data;

2 blood pressure and blood glucose measurement as a single function of blood pressure and blood glucose measurement products. (Bai Xiao)