Dingdang Health listed on Hong Kong Stock Exchange, boosting the speedy development of China's digital health industry

On September 14, Dingdang Helath Technology Group Ltd Co, a SBCVC’s portfolio company, (hereinafter referred to as ‘Dingdang Health’) was officially listed on the main board of Hong Kong Stock Exchange under the stock code (9886.HK).

At the listing ceremony, Mr. Wenlong Yang, the Chairman of the board of directors and President of Dingdang Health Group, together with members of the board of directors of Dingdang Health Group, representatives of the core management of the Group, and representatives of investment institutions including SBCVC, rang the opening bell for the listing of Dingdang Health.

Mr. Wenlong Yang, the Chairman of the Board and the President of Dingdang Health Group, said, ‘The company will continue to seize opportunities and ride the waves, give full play to its advantages in digital technology, actively expand its business scale, continuously improve its performance through intelligent and refined operations, and strive to reward investors with green, long-term and sustainable development.’

Mr. Amber Jiang (Min Jiang), Partner of SBCVC, said, ‘As the first institutional investor of Dingdang Health, SBCVC has invested in Dingdang Health in three consecutive rounds since 2017. SBCVC has witnessed the fast growth of Dingdang Health from an innovative start-up to a leading digital healthcare-to-home company. In China, digital healthcare is still on a fast track towards commercialization, and we believe Dingdang Health enjoys a good market prospect. We expect the IPO to be a new beginning of Dingdang Health to serve a wider range of people with better digital healthcare products.’