Tencent-backed WeDoctor readies Hong Kong IPO

Money-losing Chinese medical services provider seen lured by high valuations

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People walk past the booth of online healthcare solutions platform WeDoctor at the Global Mobile Internet Conference in Beijing in 2017. © Reuters

BAO ZHIMING and FLYNN MURPHY, Caixin

WeDoctor, an online medical services provider backed by Tencent Holdings Ltd., plans to file a prospectus by October for a Hong Kong IPO that it hopes will raise between $700 million and $900 million, Caixin can reveal.

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