1. News
September 29, 2020

JD.com’s online health care subsidiary files for IPO in Hong Kong

JD Health, the health care subsidiary of Chinese e-commerce firm JD.com, has filed for an initial public offering (IPO) to the Hong Kong Stock Exchange.

JD Health, the health care subsidiary of Chinese e-commerce firm JD.com, has filed for an initial public offering (IPO) to the Hong Kong Stock Exchange.

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The company plans to raise $1.8bn to $2.8bn within the year and plans to hold a majority interest in JD Health after the IPO.

JD Health operates an e-commerce platform and sells pharmaceutical products such as vitamins, supplements, medical devices and contact lenses.

JD.com’s healthcare business launched in 2014 and the company started online diagnosis services in 2017.

JD Health reportedly generated $1.3bn in revenue during the first half of 2020, registering a year-on-year growth of 76%.

The company recently raised over $830m from private equity firm Hillhouse Capital via its series B preference share financing.

Chinese tech giants sought to harness health-related businesses to drive growth, rolling out a wide range of services like online consultations, hospital reservations and pharmaceutical sales.

To drive growth during the Covid-19 pandemic and beyond, Chinese tech giants are focusing on harnessing health-related businesses with various services such as online consultations and hospital reservations.

JD Health competes with Ali Health, the healthcare subsidiary of Alibaba, Tencent-linked online medical services provider Wedoctor, as well as Ping An Insurance Group’s unit Pingan Good Doctor.

In June, JD Health unveiled its traditional Chinese medicine consultation centre and intelligent otorhinolaryngology services centre.

The centres bring together the country’s top specialists and offer online consultations and disease management programmes for patients nationwide.

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Which ingredients are trending in Consumer Packaged Goods in 2022?

Consumers have radically re-thought their priorities in recent years: find out what new trends and needs are arising and how these can be addressed through selecting the right ingredients in product formulations. GlobalData’s report on Trending Ingredients in FMCG offers a deep dive into popular and emerging ingredients across FMCG categories. Gain insights into how positively or negatively consumers perceive these ingredients, appraise the latest product formulations incorporating these ingredients, and learn how to successfully leverage these credentials in NPD and marketing. This report covers:
  • Consumer Trends
  • Ingredients in Food & Drink
  • Ingredients in Beauty & Grooming
  • Ingredients in Household Care
Take a look now to understand which ingredients are impressing consumers, and make them work for your brand.
by GlobalData
Enter your details here to receive your free Report.