Akso Health Group

Akso Health Group operates as a healthcare equipment and product trading company and provides related healthcare services. Historically, the company generated revenue from loan facilitation and related services, but disposed of this P2P Business on December 30, 2020. It then transitioned to a social e-commerce platform operator in China, which it disposed of in May 2023. Since the fourth quarter of 2021, Akso Health Group has explored the healthcare sector. On January 4, 2022, it incorporated Akso Online Meditech in Wyoming, which sells COVID-19 Rapid Antigen test kits. In February 2022, Akso Online Meditech entered a supply agreement to purchase "iHealth" branded COVID-19 Rapid Antigen test kits and sells these to distributors in the United States. On January 26, 2022, the company incorporated Qingdao Akso in Shandong Province, China, and began selling medical devices through it in April 2022. Qingdao Akso purchases medical devices such as defibrillators and anesthesia laryngoscopes from suppliers and sells them to distributors or end-users in China. The company has advanced its presence in online hospital and chain pharmacy segments in China. In November 2024, Akso Health Group acquired Tianjin Wangyi Cloud Co., Ltd. and its wholly owned subsidiaries, Tianjin Deyihui Online Hospital Co., Limited and Tianjin Deyihui Clinic Co., Limited (collectively "Deyihui Group"), to strengthen its internet healthcare presence. The company evaluates potential acquisitions of online hospitals in certain Chinese cities that provide online medical consultations for initial diagnosis, follow-up consultations, and chronic disease management.