Shandong Health Medical Big Data Company completes its first round of financing, receiving over 100 million yuan ($14.92 million), on Feb 18. [Photo provided to chinadaily.com.cn]

Shandong Health Medical Big Data Company completed its first round of financing, receiving over 100 million yuan ($14.92 million), on Feb 18 local media reported.

The company's major investors include China's major financial service provider China Galaxy Securities, Yinji Equity Investment Management Company, and SinoKing Capital, the investment arm of Tsinghua Holding.

The company was jointly founded in January, 2018 by Inspur Group, Industrial Development Group and a number of other shareholders.

The company is a health and medicine big data platform service operator, providing medical services to the government, enterprises and consumers.

"Galaxy Securities chose to invest in the company because we see the important role of big data and AI technology in health management and medical services," said Zhao Xianming, deputy general manager of Galaxy Securities.

The first round of financing will be used to introduce more talents, further promote the innovation of big data platforms and AI services, and accelerate the construction and operation of regional big data, according to Gao Chuangui, CEO of Shandong Health Medical Big Data Company.