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Since the beginning of this year, with the impact of the pandemic on offline medical channels and the benefits of national health insurance integration, internet healthcare has become a trend. Year-to-date, Ping An Good Doctor's stock price
Since the beginning of this year, with the impact of the pandemic on offline medical channels and the benefits of national health insurance integration, internet healthcare has become a trend. Year-to-date, Ping An Good Doctor's stock price has risen by 105.98%, with a current market value of HKD 124.98 billion. Among Ping An Good Doctor's four major businesses, online healthcare has seen the fastest growth, with revenue increasing by 108.9% year-on-year to CNY 858 million.
Ping An Good Doctor, a subsidiary of Ping An Group, is an online health consultation and health management app that provides mobile medical and health services to users. As the first "unicorn" company on the Hong Kong Stock Exchange in 2018, Ping An Good Doctor went from inception in 2014 to IPO in just four years.
In 2014, Ping An Group acquired the domain name JK.cn at a high price and used it to build the Ping An Health Mall. In 2015, the "Ping An Good Doctor" app was launched. The domain JK.cn already had the meaning of "health," making it very suitable for medical-related projects. Moreover, it had a very short character count, making it easy for users to remember and for promotion.
As internet usage becomes more widespread, China is actively promoting the development of the internet healthcare industry, and the consumption mindset of the population regarding healthcare and wellness is gradually improving. Especially during this year's pandemic, there may be infection risks with in-person visits, and quarantine policies have made it difficult for patients from different regions to seek medical care. In this context, more and more medical endpoints are emerging and beginning to "seize" related domain names.
1. Alibaba Health: Alibaba Health is the flagship platform of the Alibaba Group's "DoubleH" strategy in the healthcare sector, and it is one of the companies in which Alibaba Group has invested and holds a stake. Its official website uses the combination domain name alihealth.cn with a six-figure transaction price, protecting alihealth.com.cn/.net.cn and alijk.com. Its current market value is HKD 266.85 billion.
2. WeDoctor: WeDoctor is a group company formed by the merger of Weiyi Doctor and Chunyu Doctor, officially established in 2018, dedicated to creating a new healthcare ecosystem for Chinese people. Its official website uses the pinyin domain name xingren.com, and WeDoctor was valued at up to $1 billion in 2019.
3. JD Health: JD Health officially announced independent operation in May 2019. Leveraging JD Group's various capabilities and resource advantages, it has become a flagship enterprise in the healthcare industry. Its official website uses JD's subdomain healthservice.jd.com. This year, JD Health was recognized as the "Youngest Unicorn Globally" on the Hurun List, with a market value of CNY 40 billion.
4. Baidu Thumb Doctor: Baidu Thumb Doctor was launched at the end of 2013 and is a medical brand section created by Baidu Zhidao, providing medical and health consultations to a wide range of netizens. Its official website uses Baidu's subdomain muzhi.baidu.com.
There are many other online medical company domains, such as "ykang.com" for Yaozhongcai, "dxy.com" for Dingxiangyisheng, "jiankang.com" for Baixingjiankangwang, "chunyuyisheng.com" for Chunyu Doctor, and "guahao.com" for Weiyi Guahao, among others. As the online healthcare industry heats up, related domain names are also on the rise.
The transaction price of "HealthInsurance.com" was $8,133,000, equivalent to approximately CNY 56.82 million, and the transaction price for "Medicine.com" could reach seven figures in USD. Yuming.com investor Dai Yue holds DR.cn, which is an abbreviation for "Doctor" in English and carries the meaning of a medical doctor or PhD. Two-letter domain names like this have significant value.
Today, internet healthcare is entering a golden period amid the trends of consumer upgrading and nationwide health consciousness. In China, giants like Tencent and Alibaba are entering the market, and various entrepreneurial projects are emerging rapidly, seizing various niche markets. As the industry continues to develop, more medical-related domain names will be acquired, used, or protected. Holding high-quality domain names early on can be a valuable asset for companies to stand out in fierce competition!
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