<Business Innovation Recap> JD Health's IPO and Telemedicine

Apr 08, 2021

Last Friday, we organized a discussion about JD Health's IPO and Telemedicine in Business Innovation Lab.

On December 8, 2020, JD Health officially landed on the Hong Kong Stock Exchange. The Chinese Internet healthcare industry is currently dominated by three major giants.

By the end of the day, the market value of JD Health reached ¥343.979 billion, Ali Health reached ¥321.552 billion, and Ping An Good Doctor reached ¥104.977 billion. After the spin-off from JD.com, JD Health, which carries the goal of "rebuilding a JD.com", will be separated from Ali Health and Ping An Good Doctor and will be formally engaged in a battle in Hong Kong stocks.

Just before our discussion began, JD Health released its 2020 financial reports. It shows that "in the first half of the year of 2020, the average daily online consultation volume of JD Health reached approximately 90,000, which is nearly six times higher than the same period in 2019, second only to Ping An Good Doctor." WeDoctor another online medical platform backed by Tencent, which is going to IPO in Hong Kong, gathered 64,000 doctors to provide medical consultation services for 2.044 million people during the epidemic (as of July 13), with a cumulative total of more than 140 million visits.

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