JD Health International Inc. (SEHK:6618) is looking for acquisitions opportunities . The company plans to use part of its listing proceeds to identify acquisition opportunities among the over 450,000 offline pharmacies in China, said Chief Executive Officer Xin Lijun. “We could help some of the 450,000 offline pharmacies digitalise their operations through collaboration,” said Xin, at a press conference marking the firm’s HKD 26.5 Billion ($3.4 Billion) debut on the Hong Kong stock exchange on December 08, 2020. “While the peak of the pandemic is behind China, it has changed how the government supervises the sector, and how the offline medical system is collaborating with online health care service providers,” said Xin. “While we are strong in our online suppliers, there is still some way to go for us to build our offline network of suppliers,” said Xin. Commenting on the Hong Kong listing, he said it was a decision made after comparing the investor bases of Hong Kong and that of the US, Xin said. “We believe that Hong Kong investors are more familiar with the China medical sector than foreign investors. Such understanding is important to our listing,” he said.