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KEY STAT | JD Health files for USD 3 billion Hong Kong IPO

Written by Julianna Wu Published on     1 min read

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It’s also the second spinoff from JD.com to go public so far this year.

JD Health, the healthcare spinoff of JD.com (NASDAQ:JD; HKEX: 9618) has filed for an initial public offering in Hong Kong, looking to raise at least USD 3 billion dollars, 36Kr reported.

The company made a total revenue of USD 1.56 billion in 2019, per its prospectus, making it the largest Chinese online healthcare platform by revenue. It has over 72.5 million annual active users in the 12 months ended on June 30, 2020.

By comparison, Ping An Good Doctor (HKEX: 1833), an archrival, reported USD 732 million in total revenue for 2019. Though Ping An claimed to be the country’s largest online healthcare platform by users. It accumulated over 346.2 million registered users as of the first half of 2020.

Read more: JD.com’s health care subsidiary to drive telemedicine in China with new family-friendly service

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.

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