Comment on 39.net, One of the First Health Websites in China, is Acquired by Software Developer Longmaster by Mobile Healthcare App Chunyu Lands a Landmark US$50M Series C Round | Kungpao.tv

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-06-27 00:00:00

Longmaster Information & Technology Co. Ltd., a Chinese software developer founded in 1998, announced today to acquire 39.net in cash and stock. Launched in March 2000 by China’s state-owned pharmaceutical company 999Group, 39.net was one of the first health websites in China. The site covers 120 million users, with 48% on mobile, as reported by 21cbn. It made RMB107 million in 2013, a 66% growth, and RMB31 million in net profit, a 264% increase, according to 21cbn — The net profit margin is 29%. It was reported that Baidu, the largest search service in China, wanted to acquire 39.net.