Chinese e-commerce giant launches IPO in HKong

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(8 Dec 2020) Shares in China's biggest online health care platform rose 40% in their Hong Kong stock market debut Tuesday, reflecting investor enthusiasm for the fledgling industry as the country emerges from the coronavirus pandemic.
JD Health, an arm of JD.Com Inc., China's biggest online retailer, sells medications, hospital care packages and online consulting by doctors.
JD Health raised about $3.8 billion (US) by selling 20% of the company to public shareholders.
JD Health said it plans to expand its online pharmacy business and invest in developing "smart health care solutions" supported by artificial intelligence to work with physicians.

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