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Asia Deal Digest Dec. 2020: JD Health in Hong Kong IPO Frenzy and More

Dec 11, 2020 - Legal Week

Hong Kong/China

Skadden, Arps, Slate, Meagher & Flom Hong Kong partners Julie Gao, Christopher Betts, Paloma Wang and Shu Du have advised JD Health on a $3.5 billion Hong Kong initial public offering, the largest healthcare sector IPO in Asia. JD Health, which provides online healthcare services in China, is a subsidiary of Chinese e-commerce giant JD.com, which itself raised $4.4 billion in a secondary listing in Hong Kong earlier this year. The issuer made $1.3 billion in revenue in th...