Fu expected 30 to 50 companies to dominate various segments of China’s health care industry within 10 years. Photo: Shutterstock
China’s rapidly growing health care industry will consolidate within a decade, with a few dozen top players establishing a global presence, according to a specialist investor.
Greater transparency and competition will drive capital and talent towards companies that have the best track records, said Fu Wei, founder and chief executive officer of Singapore-based CBC Group which manages US$2 billion of assets mainly focused on health care.
“In the information age, the good companies will be known to all the investors, the industry, the government and talent very quickly,” he told the Post. “Most of the resources will go to the top players.”
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He expected 30 to 50 companies to dominate various segments