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Baidu's investment, a health assistant for 1.96 billion people, sprinting towards listing on the Hong Kong stock market!
Another company in the digital health sector is approaching an IPO. It has been learned that recently, HealthRoad Co., Ltd. (referred to as "HealthRoad") submitted documents to the Hong Kong Stock Exchange, with Building International as the exclusive sponsor. This is the third time HealthRoad has submitted documents after the failed attempts in June 2023 and December 2023. HealthRoad was established in 2001, headquartered in Fuzhou, Fujian, formerly known as Renren Health. The company originally started by providing online health medical services to individual users, and in 2015, expanded its business to enterprise services and digital marketing services. According to the prospectus, as of the end of 2023.
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Btan : I think it is risky now to buy in at this elevated price. Might get stuck and bag hold. Better wait out a bit given that US might bite China anytime