The person declined to be named as the information was confidential. The fundraising plans come as the average value of late-stage investments globally surged 40 percent last year, according to data provider Preqin. Investments of $100 million-plus made up more than half of all global VC fundraising by value in 2017, versus barely 8 percent in 2007, Preqin data showed. The plans also come as Ping An Insurance Group Co of China, China's largest insurer by market value, is looking to boost its direct investments and expertise in the healthcare industry. Two Ping An healthcare-related units plan to go public in Hong Kong this year - Ping An Good Doctor, an online medical platform which allows users to consult doctors for diagnosis, and Ping An Healthcare Technology, a medical data collection, and analysis business. The latter last week completed a $1.15 billion pre-IPO fundraising round, Ping An said. That valued it at about $8.8 billion, according to sources.