On March 11, 2026, Guorui Living (00108.HK) officially announced the completion of its cross-border strategic acquisition of Chunyu Doctor, a pioneer and leading platform in China’s digital healthcare sector. This transaction represents a benchmark deal in which industrial capital empowers digital healthcare and marks a pivotal moment in the evolution of independent online healthcare platforms. Its completion signals a new phase of deep industry consolidation and integration in China’s digital healthcare market.

Founded in 2011, Chunyu Doctor is a pioneer of China’s digital healthcare industry and the originator of the “light consultation” model. Over the past decade, it has built a leading online healthcare ecosystem with over 180 million registered users and 690,000 licensed physicians, offering services including online consultation, health education, chronic disease management, and an integrated health marketplace.

Guorui Living, with years of experience in property development, investment and management, operates across Mainland China, the United States, and the United Kingdom, and possesses strong offline operational capabilities, an extensive community user base, and a mature service network. By combining Chunyu Doctor’s online ecosystem with Guorui Living’s offline resources, the parties aim to deliver full-cycle, multi-scenario healthcare solutions and redefine the business model of integrated health-oriented living services.

As legal counsel to the seller, Tian Yuan leveraged its top-tier expertise, extensive cross-border experience, and keen understanding of commercial substance to address key legal challenges arising from the cross-border and cross-sector nature of the transaction. The firm ensured the smooth and compliant execution of the deal, earning high recognition from all parties involved. The project was led by partner Xu Tao, with support from partner Zheng Hao and associate Wang Yihe.

The successful completion of this transaction marks a critical step for Chunyu Doctor—and the broader digital healthcare sector—entering a new stage of development. It also stands as another landmark example of Tian Yuan’s strength in industrial integration and capital markets legal services. Tian Yuan will continue to uphold its commitment to professionalism and integrity, providing premier legal support to clients’ capital operations and industrial upgrades, and facilitating high-quality global expansion of Chinese enterprises.