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China's Ping An Group partners with Sanofi for smart healthcare

Ping An Insurance (Group) Co. of China Ltd. and France's Sanofi have agreed to collaborate on smart healthcare for China.

The two companies signed a memorandum of understanding for strategic partnership to collaborate on health awareness as well as quality and affordability of care. Under the partnership, the two companies will use big data to explore new approaches to healthcare funding and provide improved services for doctors and patients.