JD.com’s Latest Tonic Comes Bottled in Health Unit IPO

Caixin Global | Sep 28, 2020 at 9:21 PM
  • Online health products and services provider JD Health International Inc. has made its first public filing for a Hong Kong listing, becoming the latest in a flurry of assets being spun off for separate listings by e-commerce giant JD.com Inc.
  • Unlike players like Ping An Good Doctor that focus more on services with razor thin margins that make it difficult to earn profits, JD Health focuses on more profitable online drug sales.
  • JD Health’s Hong Kong IPO is being underwritten by Merrill Lynch, Haitong Securities and UBS.