JD.com recently released its financial report for the first quarter which showed that it officially set up a branch company, JD Health.

The new brand would serve as JD.com’s only branch company that operates health-related businesses. It would make good use of the Groups resources, including medicine retail and whole sale, as well as online medical services.

The health branch would be JD’s third strategic division after logistic and digital services.

JD also raised about 1 billion US Dollar for the new branch company, and JD would still be the largest stakeholder of the new branch after the financing. (Source: pedaily)

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