JD Health IPO helps cure Hong Kong market blues after Ant

City's new listings haul for this year set to be highest since 2010

20201125 JD Health

JD Health doctors in Beijing chat online with patients. The company generated 87.6% of its revenue in this year's first half from online retail pharmacy and health care services. © AP

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

HONG KONG -- JD.com, China's second-largest e-commerce group, is set to raise $3.5 billion for its health care unit in what would be the largest initial public offering so far this year in Hong Kong.

The offering by JD Health International, which is expected to price on Dec. 1, could help propel Hong Kong to its biggest year for new listings since 2010.

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