China presents a ripe opportunity for US digital health companies

The current political clash between the US and China will stall US digital health companies from laying down roots in China in the near term.

Digital health companies have already landed in the crosshairs of the US-China dispute. The Trump administrationMassachusetts-based PatientsLikeMe to separate itself from Chinese digital health company iCarbonX — which laid claim to most of its stake — in April. This could be a warning sign for US startups turning their sights to China for capital and tie-ups.

The threat of government backlash could deter smaller players from moving into China's market, and it also might make US companies an unappealing choice for Chinese companies looking for partners: Chinese funding for US businesses has plummetedSo, as long as the strife between the US and China prevails, we don't think we'll see an upsurge of US companies flocking to China. If tensions cool in the coming years, though, the region could present a huge opportunity for US companies.

, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of healthcare, delivered to your inbox 6x a week. >>pass to Business Insider Intelligence and gain immediate access to Digital Health Pro, plus more than 250 other expertly researched reports.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

French Finance Minister Le Maire: 'A trade war would mean an economic crisis all over the world, and especially in Europe'French Finance Minister Bruno Le Maire said governments need to clearly distinguish between national security concerns and trade disputes. Sorry, it’s already escalated, and quite a bit. What escalation🤷‍♂️ Trump tweets & China blinks😉👍🇺🇸(at least I hope so)🙏🏼 not necessary, actually it's helping all smaller countries who need to live. 🤣
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set to open mixed after US renews China tariff threatEuropean stocks were set for a mixed open Tuesday after U.S. President Donald Trump told CNBC that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month's G-20 meeting. cheat
Source: CNBC - 🏆 12. / 72 Read more »