HK Stock Market Move | JD HEALTH (06618) rose more than 5% during trading, announcing the establishment of the "JDH+N" hearing aid brand alliance in collaboration with multiple hearing industry brands.

JD HEALTH (06618) rose more than 5% during trading hours, and at the time of writing, it has risen by 3.47% to HK$37.35, with a turnover of HK$174 million. On the news front, on March 4th, JD HEALTH announced the establishment of the "JDH+N" hearing aid brand alliance in partnership with WSA, Iflytek Co.,ltd., Phonic Ear, Cochlear, and other hearing industry brands. The brand partners will launch a variety of new products on the JD HEALTH platform, including Phonak Audeo Sphere Infinio, WSA's Xiwambo RIC, Iflytek Co.,ltd's ear-hook hearing aid, Phonic Ear DION 3.0, etc. JD HEALTH CEO Xin Enlin stated that as the first entry point for online health consumption, JD HEALTH hopes to improve the accessibility of hearing health products and services through collaboration with more brands by leveraging professional roles such as nurses and audiologists, and further drive innovation in the hearing aid industry. According to statistics, the total transaction volume of JD HEALTH hearing aid products is expected to grow over 30% annually by 2024, with a user base growth of over 40%, and over 80% of transactions are expected to be purchases of hearing aids for elderly family members by their children.