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We Doctor to Spin Off Healthcare Management and Cloud Businesses for IPOs This Year

Tencent Finance, 5/15/18

Online and mobile healthcare solutions developer We Doctor Group will spin off its main businesses in 2018 for public listings, according to CEO Liao Jieyuan. We Doctor hopes to get a Hong Kong listing of its healthcare management business and a China A-shares listing for its cloud services unit.

Liao explained that the cloud services business is more suitable for a domestic listing because it primarily targets corporate client accounts, such as hospitals, government, and industry. Furthermore, We Doctor will develop a personal and family health maintenance organization (HMO) with the principles of "general + specialty practice, online + offline" for an eventual Hong Kong listing.

We Doctor plans to serve 1 mln Chinese households in 2018.

Keywords: online healthcare wireless cloud computing Internet mobile healthcare Liao Jieyuan We Doctor Group IPO spin-off


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