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Health Care

JD Health shares surge 56% on trading debut in Hong Kong

Chinese online medical services provider sees growing demand during pandemic

Xin Lijun, right, chief executive of JD Health International, attends a ceremony in Beijing on Dec. 8 for the company's first day of trading in Hong Kong. (Photo by CK Tan)

BEIJING/HONG KONG -- JD Health International shares soared 56% on their first day of trading in Hong Kong on Tuesday, reflecting investors' strong interest in China's online health care sector which has been given an extra lift from the COVID-19 pandemic and government reforms.

Shares of JD Health, a unit of JD.com, China's second-largest e-commerce group by revenue, surged as much as 76% at one point to HK$123.90 from their initial public offering price of HK$70.58. The shares closed up 56% at HK$110.

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