The growing interest China’s fledgling online healthcare sector was put in stark relief last week when shares in JD Health rose as much as 75% on their debut. Shares in AliHealth, the Hong Kong-listed healthcare division of rival internet business Alibaba, are also up over 170% this year.
Following a slow decade for shares of online pharmacies and consultations, Covid-19 has prompted a clamour for remote healthcare services by patients afraid to visit hospitals and investors are keen to tap into the expanding sector.
Source: FT