Chinese Retailer JD.com’s Health-Care Business Plans Hong Kong IPO


Source: wsj.com wsj.com

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JD Health International Inc., an online health-care business controlled by Chinese online retailing giant JD.com Inc., filed an application to go public in Hong Kong, in a deal that people familiar with the situation said could raise at least $3 billion. The Beijing-based company said it operates China’s largest online retail pharmacy by revenue, and provides health-related services including online consultations with doctors and medical-appointment scheduling. It is also looking to expand into prescription-drug wholesaling...