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Equities

Good Doctor app to raise $1bn as Chinese grow tired of long waits

Ping An spinoff's Hong Kong IPO represents strong interest in the sector

The Hong Kong IPO for the operator of the Good Doctor app will take the form of a spinoff from parent Ping An Insurance Group.   © Reuters

HONG KONG -- The operator of Chinese online medical service Ping An Good Doctor looks set to raise about 8.8 billion Hong Kong dollars ($1.12 billion) when it lists Friday on the stock exchange here, highlighting the increasing popularity of digital health care offerings in the country.

Average wait times of three hours to see a doctor in China have fueled the growth of online alternatives, attracting the attention of tech heavyweights like Tencent Holdings and Alibaba Group Holding.

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