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Markets's online health care subsidiary files for IPO

Fresh funds earmarked by JD Health for R&D

HONG KONG -- JD Health, the health care subsidiary of Chinese e-commerce giant, filed for an initial public offering to the Hong Kong Stock Exchange by Monday in a bid to raise $1.8 billion to $2.8 billion within the year.

JD Health operates the largest pharmaceutical retail website in China, and plans to use the fresh funds for research and development.

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