Ant Group's healthcare subsidiary, Ant Health, has completed its acquisition of Fengshi Health, a prominent domestic medical and health services provider. This move marks the company's second major expansion of its ecosystem within months, following its acquisition of Boohee Health in early July.

With the deal now finalized, Fengshi Health's core capabilities will be fully integrated into Ant Health's existing service framework. Zhang Junjie, Vice President of Ant Group and President of its Health Business Group, stated that the acquisition enables Ant Health to deliver comprehensive medical insurance settlement services across all scenarios, covering both basic and mid-to-high-end offerings, while also enhancing the medical experience for insured users and providing insurance companies with a differentiated competitive edge.

Prior to this acquisition, Ant Health had already established a linked settlement system combining medical insurance codes and commercial insurance codes, serving users nationwide through the Alipay app and the Ant Afu app. The company now offers synchronized settlement for both medical and commercial insurance at public hospitals, and can additionally connect to Fengshi Health's direct billing network, which spans over 1,500 international departments, special medical service units, and premium private healthcare institutions across the country. This integration enables patients to enjoy facial recognition and QR code-based direct billing services for commercial insurance.

Notably, Fengshi Health has established partnerships with more than ten insurance companies, including China Life, PICC Property and Casualty, and ZhongAn Insurance. The firm is currently in talks with Hong Kong-based insurers, with the potential to introduce cross-border claims services that would allow Hong Kong residents to seek medical treatment in mainland China.

As Ant Group's dedicated healthcare platform, Ant Health has provided medical insurance code payment services to over 800 million users. Since the launch of its commercial insurance code feature in 2024, more than 20 health insurance products from leading insurers have been integrated into the system. Additionally, the company's AI-powered health product, Ant Afu, has amassed 100 million cumulative users since its launch last year, establishing itself as a new gateway for proactive health management.