Company Overview

JD Health International Inc., an investment holding company, operates an online healthcare platform in the People's Republic of China. It offers pharmaceutical and healthcare products, including OTC drugs, prescription drugs, and medical devices and supplies, as well as health supplements and tonics through direct selling and an online retail pharmacy network. The company also provides online healthcare services, online consultation, hospital or doctor referral, health check-ups, genetic testing, and beauty care services; health management and intelligent healthcare solutions, as well as technical and advertising services. In addition, it offers access to medical checkups, medical aesthetics, vaccination appointments, dental care services, and nucleic acid testing tests. The company was incorporated in 2018 and is headquartered in Beijing, the People's Republic of China. JD Health International Inc. is a subsidiary of JD Jiankang Limited.

  • Name

    JD Health International Inc.

  • CEO

    Cao Dong

  • Website

    ir.jdhealth.com

  • Sector

    Consumer Staples Distribution and Retail

  • Year Founded

    2014

Company Statistics

Profile

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Margins

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Returns (5Yr Avg)

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Valuation (TTM)

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Valuation (NTM)

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Financial Health

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Growth (CAGR)

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Dividends

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Bulls Say

  • Medical expenditures in China are likely to increase at an above GDP rate as healthcare spending remains a low percentage of total spending.

  • User saturation compared with parent JD.com is still very low, and low traffic acquisition costs should lead to faster adoption.

  • Logistics ability among competitors will allow JD Health to take market share from competitors and increase traction among offline consumers.

Bears Say

  • JD Health and healthcare e-commerce players are unable to sway public perception over product safety on platforms where there a low ceiling for long-term adoption from Chinese consumers.

  • Competition intensifies and newcomers enter the industry, which eventually squeezes long-term margins in the industry and subsidies increase—as we have seen with other e-commerce platforms.

  • Pharmaceutical products online could come under intense scrutiny whereby healthcare e-commerce may be limited to a narrow range of products that do not require prescription, whereby it could lose niche offerings.

Source: Morningstar Analysis - Dec 10, 2025
SEHK:6618