# Andon Health

Andon Health is a Corporate Investor based in Tianjin, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Tianjin, China
- **Region:** Asia
- **Address:** No. 3 Jinping Street, Ya An Road, Nankai District, Tianjin, 300190, China
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** jiuan.com
- **LinkedIn:** https://www.linkedin.com/company/andon-health-co-ltd

## Regulatory record

- **Reports private funds:** No

## About

Andon Health was established in 1995 by Liu Yi, who serves as founder and chairman. The company operates as a corporate investor listed on the Shenzhen Stock Exchange and concentrates on health electronics. Investment activity centers on direct positions in healthcare hardware and intelligent devices. Confirmed holdings include iHealth Labs, where Xiaomi Investment held a 20 percent stake before exiting in 2025. Co-investors include Peiyang Begonia Fund on various healthcare startups. Geographic reach covers China as primary base with exposure through offices in the United States. The firm lists 58 professionals in internal records though public headcount remains undisclosed. Additional offices operate in New York and Sunnyvale. Cash and equivalents sit in Tianjin alongside wealth-management products held in China. May 2025 marked the Xiaomi exit from iHealth Labs. Corporate structure ties investment decisions to the listed operating company rather than a separate family or fund vehicle. This creates direct linkage between manufacturing revenue and deployment into adjacent health-technology assets.

## Sectors

- Digital Health

## Offices

- New York, NY, United States
- Sunnyvale, CA, United States

## People

- Liu Yi — Founder and Chairman
- Jason Guo — Chief Investment Officer of Andon Hong Kong

## Questions

### Who runs investment decisions at Andon Health?

Liu Yi serves as founder and chairman. Jason Guo acts as chief investment officer for the Hong Kong entity.

### Does Andon Health participate in fund commitments or only direct deals?

Activity centers on direct holdings and co-investments alongside partners such as Peiyang Begonia Fund.

### Where does Andon Health maintain offices outside China?

Offices operate in New York at 140 East 45th Street and in Sunnyvale through iHealth Labs.

### What happened with Xiaomi Investment and iHealth Labs?

Xiaomi Investment exited its 20 percent ownership in iHealth Labs during 2025.

## Related profiles

- [Andino Capital Partners](https://altss.com/profile/andino-capital-partners)
- [Andover Capital Partners](https://altss.com/profile/andover-capital-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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