Companies & Funds, Consumer Products And Services, Healthcare, Information Technology, Internet, Ipo

Companies & Funds, Consumer Products And Services

China medical IPO comes with health warnings

Tencent-backed We Doctor is shaking up a sector plagued by inefficiencies. But the company's mounting losses and untested business model may give investors heartburn, says @ywchen1

4/22/2021 5:57:00 AM

Tencent-backed We Doctor is shaking up a sector plagued by inefficiencies. But the company's mounting losses and untested business model may give investors heartburn, says ywchen1

Tencent-backed We Doctor boasts the country's first e-hospital offering online consultations and more. A mooted $12 bln valuation looks punchy next to rivals focused on lucrative drug sales. We Doctor's mounting losses and untested business model may give investors heartburn.

Context NewsChinese online healthcare service provider We Doctor filed for an initial public offering in Hong Kong on April 1. The offering could raise about $2 billion in the second quarter of 2021 and would value the company at around $12 billion, Refinitiv publication IFR reported on April 6.

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Citigroup and CMB International are the sponsors, and Credit Suisse, CICC and JP Morgan are the joint global coordinators.We Doctor’s revenue rose 262% last year to 1.8 billion yuan ($276 million) thanks to surging demand amid the pandemic. Its adjusted net loss for 2020 was 869 million yuan, compared to a 757 million yuan loss in 2019.

We Doctor operates a network covering over 7,800 hospitals and 270,000 doctors, according to its prospectus. As of 2020, it had 222 million registered users and 25.4 million average monthly paying users.Source: REUTERS/Aly SongA man carries a child wearing a face mask during a government organised media tour at Tongji Hospital following the coronavirus disease (COVID-19) outbreak, in Wuhan, Hubei province, China September 3, 2020. headtopics.com

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Reuters ywchen1

Venezuela's beloved 'Doctor of the Poor' to be beatifiedCARACAS, Venezuela (AP) — With the austerity of a monk, a vocation to seek the good of others and a bright scientific mind, Jose Gregorio Hernández won the affection of those who called him “the doctor of the poor.” He became a religious icon after his death in 1919, and since then millions of Venezuelans have fervently asked that he be universally worshipped. Now, the doctor, scientist, university professor and pioneer of bacteriology will be beatified, a step toward sainthood in the Roman Catholic Church. The beatification ceremony Friday will culminate of 72 years of efforts by Venezuela's Catholics. Initial plans called for a ceremony at a stadium, but the coronavirus pandemic has forced organizers to change venues, limit attendance to fewer than 300 people — mostly priests and nuns — and leave the rest of the Venezuelans to watch the event on television. The pared-down event will take place in a small chapel at a Catholic school on the edge of a mountainous national park north of Caracas. I would have used the term 'venerate' instead of 'worship' so as to not confuse the protestants. Still Very Cool though. Well that makes perfect sense. Doctoring to people who can't pay you for it is definitely in the 'Jesus would absolutely approve' category. Seems pretty saintly to me.

Venezuela's beloved 'doctor of the poor' to be beatifiedCARACAS, Venezuela (AP) — With the austerity of a monk, a vocation to seek the good of others and a bright scientific mind, Jose Gregorio Hernández won the affection of those who called him “the doctor of the poor.” He became a religious icon after his death in 1919, and since then millions of Venezuelans have fervently asked that he be universally reverenced. Now, the doctor, scientist, university professor and pioneer of bacteriology will be beatified, a step toward sainthood in the Roman Catholic Church. The beatification ceremony Friday will culminate 72 years of efforts by Venezuela's Catholics. Initial plans called for a ceremony at a stadium, but the coronavirus pandemic has forced organizers to change venues, limit attendance to fewer than 300 people — mostly priests and nuns — and leave most Venezuelans to watch the event on television. The pared-down event will take place in a small chapel at a Catholic school on the edge of a mountainous national park north of Caracas. What’s cool is that thanks to socialism, every Venezuelan doctor is now a “doctor of the poor”. Yikes they really could have used him at the tail end of influenza there too.

Traveling doctor uses Winnebago to get to hospitals in needWhen the pandemic hit, husband and wife Kenny Phillips and Dr. Sabrina Campbell took working from home on the road. Don't you love it when people actually do something for the good of others, instead of simply tweet about it for the engagement(Likes, RTS and the occasional follow)? For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blaketeddy56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

'He will be dearly missed by so many': Doctor among 2 victims in fatal Tesla crashVehicle did not have autopilot engaged. Street did not have lane markings so nothing would of kept it on the road. These 2 people allowed a vehicle to operate without anyone in the drivers seat and media insinuates Tesla is responsible. You'd think a doctor would be smarter. He OnLy dIeD bEcAuSe hE gOt tHe ExPeRImEnTaL VaX

Venezuela's 'doctor of the poor' beatified in small ceremonyA man revered by millions of Venezuelans as the “doctor of the poor” is one step away from sainthood. World need good man like he Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. KevinKatch2 thank you for your proper management,🙏🏻🙏🏻 Are their benefits with that ?

'Feels like another world': LA County ER doctor says of region's COVID recoveryThe latest data shows there are only 386 people with COVID-19 currently hospitalized in the county, which was the epicenter of the pandemic in January.