While Teladoc (TDOC) may be the hottest telehealth stock in the US, the other world superpower has one of its own, which may have flown under the radar of many foreign investors. Introducing Ping An Healthcare & Technology (OTC:PIAHY) – the largest telehealth player in China with a market share of over 70%. China has lagged the US in terms of telehealth adoption, but that is changing, with regulations now encouraging the use of online healthcare, and COVID-19 helping to accelerate adoption. The growth potential here is huge, and the company is just getting started. This article serves as a primer on the key drivers of the company’s financials and share price, and details why I think Ping An Healthcare & Technology is a Buy for any long-term growth portfolio.
China has a huge need for healthcare technology
Ping An Healthcare & Technology’s Good Doctor platform solves a number