China’s JD Health plans Hong Kong IPO


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“ JD Health , the healthcare unit of , on Sunday filed a draft prospectus for a listing in Hong Kong, making it the third affiliate of the ecommerce company looking to go public this year,” TechNode reported. JD also said it plans to spin off JD Health through a separate listing on the Hong Kong stock exchange’s main board. Through its JD Jiankang unit, JD Group will have an 81% stake in the new company, making it the largest shareholder. Other shareholders will hold less than 5% each. Established last year, JD Health acts as an ecommerce platform...