Baidu (09888.HK) with a stake of nearly 12.5% in Health Road has submitted its third application for listing in Hong Kong, with Bank of Construction International as the exclusive sponsor. Health Road received a notification letter for overseas issuance and listing from the China Securities Regulatory Commission on June 24, planning to issue no more than approximately 0.109 billion shares of overseas listed common stock.

Health Road is one of the largest digital health veterinary services platforms in mainland China. As of the end of June, the company's platform has registered 0.195 billion individual users, 0.8772 million registered veterinarians, and is connected to 11,727 hospitals. The revenue for the first six months of this year increased by 14.5% year-on-year to over 0.61 billion RMB, while losses narrowed by 45.1% to 55.818 million RMB.

In addition, Ivy Hospital has also applied for listing in Hong Kong. The company currently operates four franchised hospitals in Guangdong Province, Tianjin, and Yunnan Province, providing assisted reproduction technology services. It plans to use part of the funds raised to expand its international medical network in the next 3 to 5 years. In the first half of this year, Ivy Hospital's revenue increased by 8.7% year-on-year to over 0.25 billion RMB, with a profit growth of 11.1% to 37.648 million RMB.