New Ruipeng, a pet medical unicorn, goes public in the US

Tue, 01/31/2023 - 17:33
New Ruipeng Pet Healthcare
New Ruipeng

On January 23, New Ruipeng publicly disclosed the prospectus at the US Securities Regulatory Commission. As the largest pet care platform in China, this leading pet doctor has won the favor of many well-known institutions such as Hillhouse and Tencent. Even with the blessing of giants, New Ruipeng has recorded losses for three consecutive years, with a loss of more than 3 billion.

Founded in 2013, this company is a well-deserved "big brother" in the industry. According to the latest statistics, based on the number of hospitals and pet care service revenue in 2020 and 2021, New Ruipeng is the largest pet care platform in China and the second largest in the world.

New Ruipeng's business cover pet medical care, pet grooming, retail, remote treatment, intelligent pet medical care, live streaming e-commerce, supply chain, local life services, continued veterinary education and pet culture promotion, etc.