JD Health may file $1 billion Hong Kong IPO by end-month


Source: technode.com technode.com

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JD Health is the latest JD.com affiliate preparing to go public in a recent spree . The potential listing comes amid mounting investor interest in the broader online healthcare sector triggered by the coronavirus pandemic. Covid-19 is bolstering investments as well as mergers and acquisitions in online health care and biotech. There were $3.9 billion worth of health care-related deals in Hong Kong during the first half of the year. The whole year figure in 2019 was $3.8 billion, according to data from Mergermarket. JD Health is competing with multiple rivals including Alibaba-backed Ali Health, Tencent-backed Wedoctor , and Pingan...