Market Chatter: JD.com's Healthcare Arm Shuttering Family Doctor Initiative

MT Newswires Live05-29

Chinese e-commerce giant JD.com (HKG:9618) closed its healthcare arm JD Health International's (HKG:6618) family doctor division after failing to turn a profit, Yicai Global reported Tuesday, citing an insider close to senior management.

Launched in August 2020 during the COVID-19 pandemic, the unit was expected to be a strategic offering by the company, Yicai said.

Experts believe the program tried recruiting high-end doctors instead of focusing on the grassroots level. Others noticed that other similar programs also faced similar issues and eventually shuttered, the publication said

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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