JD Health Completes $3.5 Billion HK IPO; Climbs 45% on First Day

京东健康香港首次公开发行募资35亿美元,股价首日攀升45%
Published on: December 8, 2020
Author: Amy Liu

JD Health of Guangzhou, the online health-care arm of China e-commerce giant JD.com, completed a $3.5 billion Hong Kong IPO and rose 56% in its first trading session. JD Health offers 30-minute delivery of pharmaceuticals, online access to doctors and health services such as genetic testing. It was spun out of JD.com last year. The company now has a $45 billion market capitalization. JD Health competes with TenCent’s WeDoctor and Alibaba’s AliHealth in the online health services space.

Source: China Biotoday

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