TMTPOST -- WeDoctor, an online healthcare platform backed by Tencent Holdings, is reportedly reviving its plans for a Hong Kong stock market listing. According to sources, the Hangzhou-based company intends to submit its application by the end of December and aims to complete the initial public offering (IPO) by June. The IPO is expected to raise between $400 million and $500 million. WeDoctor had previously filed for a Hong Kong IPO in 2021, but its plans were derailed by Beijing’s regulatory crackdown on the private sector, which heavily impacted firms handling sensitive data, including medical information. While speculation in January 2023 suggested a possible IPO revival, no progress was made at the time. Founded in 2010 by Jerry Liao and his team, WeDoctor operates across various segments, including healthcare services, insurance, and pharmaceuticals. As part of its IPO strategy, the company plans to spin off its healthcare and technology divisions. The move reflects growing confidence among Chinese tech firms in re-engaging with capital markets amid a gradually stabilizing regulatory environment.