Yidu Technology's Yidu Cloud holds a 18.6% market share in China's medical big data solutions market, ranking first.

Global renowned market research firm IDC recently released the "China Medical Big Data Solutions Market Share Report | 2020: Deepening Clinical and Research Applications", showing that after years of experience accumulation and exploration, the value of this market in clinical and research fields is gradually emerging, and will maintain a high-speed growth momentum in the coming years. According to the report, Yidu Technology's Yidu Cloud obtained a market share of 18.6% in 2020, ranking first among the major manufacturers in China's medical big data solutions market.

Since its establishment, Mediway Cloud has taken professional medical big data technology as its innovation point, focusing on developing medical big data platforms and solutions, and has established a solid technical system to help hospitals discover the scientific research value of data in clinical research from application practices. The company has also cooperated with hospitals to build more than 50 specialized disease databases, enriching clinical guidelines for various diseases, and successfully gaining practical experience in promoting the level of clinical medical care.

According to an IDC report, as medical data governance transitions from informatization to intelligence, the value of medical big data in driving scientific research and improving medical services has been widely recognized by the industry. The continuous growth in market demand will provide broad development space for Mediway Cloud. Based on providing a comprehensive medical data intelligent platform, Mediway Cloud also timely introduces new features to meet the growing needs of hospitals and adapt to regulatory requirements, continuously strengthening data security and privacy protection technology capabilities in the application of medical information scenarios, giving it a significant advantage in the development and implementation competition of medical big data technology. Over the years, Mediway Cloud has collaborated with well-known hospitals and experts to increase industry recognition through practical implementation, expand new ideas and insights, and the increasing technological agility is creating more market opportunities.

Especially in terms of information security and privacy protection, Mediway Cloud has obtained multiple information security management system certifications for various scenarios in the medical industry, including information security management, cloud services, and personally identifiable information. Additionally, the company has built the capability of secure multi-center computation including various federated learning algorithms, enabling multi-center joint research while protecting data security, achieving the application of data value through multi-center joint research. The multi-center secure computing platform built by Mediway Cloud has supported dozens of statistical and machine learning federated learning models.

Dr. Yan Jun, Executive Director and Chief Technology Officer of Mediway Technology, said: "Mediway Technology upholds the mission of 'using AI and big data technology to empower the medical industry and help improve q&m dental.' We are delighted to participate in and witness the development process of this industry with unlimited potential, from focusing on concepts to developing models, to accumulating effective methods and deepening application practices. IDC's recognition this time reflects the persistence of Mediway Technology in adhering to its original aspiration and the value we can bring to the industry and society, urging us to continue to strive for the realization of the vision of 'data intelligence, green medical care'."

About Mediway Technology

$YIDU TECH (02158.HK)$Established in 2014, the company has been dedicated to the development and application of medical big data technology since its inception, providing data-driven medical innovation solutions based on medical big data, exploring a path of developing medical value through innovative development and application of medical big data technology. In 2021, Mediway Technology (2158.HK) was officially listed on the main board of the Hong Kong Stock Exchange.

The business of Medical Technology mainly covers three areas, namely big data platform and solutions, life science solutions, health management platform and solutions, empowering medical research, medical management, government public decision-making, innovative drug development, etc., improving medical efficiency, reducing costs, and accelerating the digital transformation of the industry.

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