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JD Health

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Is an e-commerce platform for pharmaceutical products such as vitamins & supplements (subsidiary of JD.com)

Dongcheng District, ChinaFounded 2019Health Tech & Medtech
Valuation $5–10B Last recorded · 2026
Revenue $10–50B Latest reported FY
Total funding $1–2.5B Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for JD Health and the history behind them.

About JD Health

JD Health stands as the healthcare-centric subsidiary of Chinese e-commerce corporation JD.com. The journey began in 2014 when JD.com's healthcare operations started as a distinct business unit. The entity was formally launched as JD Health in 2017 and commenced independent operations in May 2019. A significant milestone was achieved in December 2020 with its successful listing on the Hong Kong Stock Exchange, which raised approximately $3.5 billion.

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Initially led by CEO Lijun Xin, who was instrumental in building the business from its inception, the leadership transitioned in September 2021. Jin Enlin, who joined JD.com in 2014 and has extensive experience in the medical and TMT sectors, was appointed as the new CEO. The company is chaired by Liu Qiangdong, the founder of JD.com.

JD Health's business model is multifaceted, operating across B2C, B2B, and O2O channels. A primary revenue stream is its retail pharmacy business, which includes both direct sales and a third-party marketplace. This platform offers a vast selection of pharmaceuticals, healthcare products, medical devices, and nutritional supplements. Leveraging JD.com's formidable supply chain, the company provides efficient delivery, including a 30-minute option in many cities through partnerships with over 200,000 offline pharmacies. The online healthcare services segment represents another core component of its operations. This includes telemedicine consultations with a network of over 130,000 doctors and medical professionals. During the COVID-19 pandemic, daily online consultations surged, reaching over 100,000. The company serves individual consumers, corporate clients, and medical institutions. It also provides digital solutions for corporations and insurance companies.

The company's offerings are designed to cover the entire lifecycle of a user's health needs. Services include online appointments for health check-ups, vaccinations, and medical cosmetology. JD Health has also established 16 specialized online medical centers focusing on areas like respiratory health and diabetes. Furthermore, it has developed intelligent hospital solutions and is a significant retailer of Food for Special Medical Purposes (FSMP). The company continually integrates technology, such as AI-driven customer service and data analytics, to enhance its services and personalize the user experience.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Dongcheng District, China
Open positions
None listed
Dealroom signal
24.7/100
Industry
Health
Sub-industry
Health Platform
Sector
Health Tech & Medtech, Pharmacy, Retail, Became $1B as Subsidiary, Hard Tech, Became Thoroughbred as Subsidiary
Business model
Marketplace & ecommerce
Client focus
b2c
Investment activity
1 company, latest Aug 2021
Capital deployed
$93M
Preferred round
SERIES D
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
IPOOther financing Dec 2020 $3.5B $29B Undisclosed —
SERIES BOther financing Aug 2020 $830M $7B Hillhouse Capital —
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

JD Health website traffic

Latest recorded traffic for JD Health is 630 monthly website visits, down 87.6% over the last three months.

Latest monthly visits630 3-month web change-87.6%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Dongcheng District HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about JD Health on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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