Caixin
Jun 30, 2022 08:43 PM
TECH

JD Health to Expand Pet Care Business With $355.4 Million Acquisition

In Wednesday’s filing, JD Health said that the new assets will form part of a one-stop shop for pet care services, as well as helping the firm achieve sustainable revenue growth. Photo: The Paper
In Wednesday’s filing, JD Health said that the new assets will form part of a one-stop shop for pet care services, as well as helping the firm achieve sustainable revenue growth. Photo: The Paper

JD Health International Inc. is planning a $355.4 million acquisition of pet care assets from parent JD.com Inc., as it looks to diversify its revenue base in the face of a potential disruption to its pharmacy business.

The transaction is split into assets and inventories, valued at $329.1 million and $26.3 million, respectively, and will cover contracts, operating rights, inventories and liabilities, JD Health said in an exchange filing on Wednesday.

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