A rising star in the intelligent technology industry, iCarbonX, recently announced it has registered a company in the Republic of Malta, an island country in the Mediterranean.
The Shenzhen-based company was founded by Wang Jun, former CEO of BGI, in October 2015. It was estimated by one of its investors to be worth billions of yuan (US$154 million). Malta is a first step in expanding around the globe, company executives said.
Executives from iCarbonX were received by the country’s Prime Minister Joseph Muscat in Valletta, the capital city of Malta, on Jan. 27. The company was only 3 months old when it came to an agreement with the Maltese Government.
According to the company, operations in Malta will focus on providing intelligent health management. In general, that means better health care by analyzing genes and other things. Services will include therapy, preventative medicine and nutrition advice.
Malta has one of the world’s most advanced health-care systems. It ranks fifth on the list of quality of health care, according to the World Health Organization. Wang said setting up in Malta is significant for iCarbonX’s global strategy.
Chris Fearne, the state secretary of Malta, said that cooperation between the country and iCarbonX is also meaningful for Malta and the country will spare no effort to help the company build a health management center in Europe.