# Zhongchao Inc.

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/Zhongchao Inc.).

## Overview

Zhongchao Inc. is a Cayman Islands holding company that consolidates operating businesses in mainland China through contractual arrangements. Its PRC operating entities provide online healthcare information, professional training and educational services for healthcare professionals, patient management services for oncology and rare-disease patients, internet hospital services, and an online health information platform.

## Products & services

• MDMOOC online medical education and training
• Oncology and rare-disease patient management services
• Zhixun Internet Hospital services
• Sunshine Health Forums health information platform
• Online healthcare information services for professionals and the public

- **Medical education and training** (35%) — Online professional training and educational content for healthcare professionals under the MDMOOC platform.
- **Patient management services** (25%) — Support services for patients with oncology and rare diseases, including care coordination.
- **Internet hospital services** (20%) — Remote healthcare services delivered through Zhixun Internet Hospital.
- **Health information platforms** (20%) — Online information and community platforms for medical and general-public users.

- MDMOOC online medical education and training
- Oncology and rare-disease patient management services
- Zhixun Internet Hospital services
- Sunshine Health Forums health information platform
- Online healthcare information services for professionals and the public

## Customers

The company serves healthcare professionals who use its MDMOOC platform for training, professional education, and access to medical information. It also serves patients and families seeking support for oncology and rare-disease care, plus general-public users of its health information platforms. In addition, internet hospital services connect the business to users seeking remote clinical access and digitally delivered healthcare services.

- **Healthcare professionals** (primary) — Buy training, educational content, and professional information through MDMOOC to support clinical learning and continuing education.
- **Oncology and rare-disease patients** (primary) — Use patient management services for care navigation, support, and disease-specific assistance.
- **Internet hospital users** (secondary) — Access online healthcare services through Zhixun Internet Hospital for remote consultation and service delivery.
- **General public readers** (secondary) — Consume online health information and forum content for medical awareness and health education.

- Healthcare professionals seeking continuing education and medical training
- Patients with oncology or rare diseases needing care coordination
- Families and caregivers looking for disease-specific support services
- General public users consuming health information content
- Remote care users accessing internet hospital services

## Geography

Zhongchao is incorporated in the Cayman Islands but its operating businesses are in mainland China, with principal executive offices in Shanghai. The company’s services are therefore concentrated in the PRC healthcare market, which shapes its regulatory, data, and consumer-access exposure. Its reported platform brands and service delivery are China-based, while the listed holding-company structure is offshore.

- Cayman Islands holding company structure
- Principal operating businesses in mainland China
- Head office located in Shanghai, China
- Exposure to PRC healthcare regulation and data rules
- Business tied to China-based online healthcare demand

## Strategy

The company’s strategy centers on building a multi-service digital healthcare platform around education, patient support, and online care delivery. Its model links professional training with disease-specific patient services, which can strengthen user engagement across healthcare stakeholders and create cross-platform traffic. The offshore holding structure and China operating footprint also reflect a business designed to serve the PRC market while accessing international capital markets.

- **Expand digital healthcare platform usage** (medium-term) — More users across education, care coordination, and online services can improve the platform's ecosystem value.
- **Build disease-focused patient services** (medium-term) — Oncology and rare-disease specialization can differentiate the company and support repeat usage.
- **Strengthen online healthcare distribution** (long-term) — Digital delivery broadens reach and supports scalable service provision across China.

- Expand the MDMOOC education platform and content base
- Deepen oncology and rare-disease patient services
- Integrate education, patient management, and internet hospital offerings
- Grow healthcare user engagement through online platforms
- Maintain a structure that supports PRC operations and offshore listing

## Risks

The company is exposed to PRC healthcare regulation, internet-content oversight, and data/privacy requirements because its operating businesses are in China and are delivered online. Its service mix also depends on user adoption and trust in digital healthcare platforms, while patient-management and medical-information businesses face execution and quality risks. The offshore holding-company/VIE structure adds legal and governance complexity that investors typically monitor closely.

- **PRC regulatory risk** [high] — Healthcare information, internet hospital activity, and online education are all subject to evolving mainland China rules.
- **Data privacy and cybersecurity** [high] — The platforms handle health-related information and patient data, which increases breach and compliance exposure.
- **VIE structure and legal enforceability** [high] — The Cayman holding company depends on contractual arrangements with PRC operating entities.
- **Competition for users and content** [medium] — Digital healthcare and education platforms compete for healthcare professionals and patient attention.

- PRC healthcare and internet regulation could constrain services
- Data privacy and cybersecurity risks are central to online health platforms
- User adoption and retention affect platform engagement and monetization
- Clinical, content, and service quality issues could damage trust
- VIE and offshore structure add legal and governance complexity

## Accounting

The key accounting issue is consolidation through a VIE structure, which requires judgment about control and presentation of the PRC operating entities. Revenue recognition may also vary by service line, since the company combines education, patient services, and internet healthcare offerings that may be delivered at different points in time or over time. Investors should also watch estimates tied to platform-related costs, contingencies, and any impairment judgments for capitalized software or other intangible assets, if applicable.

- **VIE consolidation** — Determines which operating results and assets are included
- **Revenue recognition** — Can shift reported revenue between periods
- **Impairment and estimates** — Could create non-cash charges if assumptions weaken

- VIE consolidation affects what is included in the financial statements
- Different service lines may recognize revenue at different delivery points
- Online platforms may involve estimates for deferred or accrued items
- Impairment judgments may affect any capitalized software or intangibles
- Provisions and contingencies can arise from regulatory or legal issues

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*Last updated: 2026-09-28T12:18:51.170536+00:00*
