Xiaobai Maimai Inc. (NASDAQ: (HX) stock plunged by 1.79% at last close while the HX stock price declines by 7.27% in the pre-market trading session. Xiaobai Maimai is a Beijing-based social e-commerce website. On its social e-commerce platform, the company partners with domestic e-commerce platforms to provide consumers with a diverse range of high-quality and inexpensive items.
HX stock’ Recent Development
In the United States, Xiaobai Maimai has stated its intention to join the radiation oncology services market. We Health Limited, a subsidiary located in New York, was recently created to enter the cancer therapy and radiation oncology sector in the United States. Ms. Yilin (Linda) Wang has been named Co-Chief Executive Officer by the Board of Directors. Ms. Wang has considerable expertise in the medical field, including medical health, health management, and medical technology.
Radiotherapy, being one of the most popular cancer therapies, has been extensively embraced and has demonstrated a consistent increase over time. According to the World Trade Organization, more than half of cancer patients require radiation as part of their treatment, and it is commonly used to treat the most prevalent malignancies. Based on the Company’s market analysis, the management team thinks that because of their healthcare experience and linguistic skills, radiation oncology facilities on the East Coast have sufficient potential to serve patients of all ethnicities.
Ms. Yilin (Linda) Wang, Co-Chief Executive Officer of Xiaobai Maimai, stated,
The Board of Directors has authorized a new business strategy to enter the US radiation oncology services market. On the East Coast, they aim to build radiation oncology facilities where patients with a variety of malignancies may receive individualized consultations, treatment planning, irradiation, and other associated services. They anticipate that rising healthcare costs and the expanding use of radiation will propel this industry forward. Using their sophisticated radiation technology and attentive healthcare services, they strive to give people adequate, high-quality treatment.
