Xiaobai Maimai Inc. (HX) has experienced an increase of 5.05% in the aftermarket and stands at $9.99. However, the last trading session concluded with an incline of 42.58%.
U.S. Radiation Oncology Services Market
On 28th September 2021, HX announced that it is planning to join the US radiation oncology services sector. However, a subsidiary known as We Health Limited has set foot into the cancer therapy and radiation oncology sector. On a global scale, cancer is the leading cause of mortality. Moreover, radiotherapy has been extensively embraced as one of the most frequent cancer therapies, and its use has increased steadily over time. According to the World Trade Organization, more than half of cancer patients require radiation, and it is often used to treat the most prevalent malignancies. Lastly, based on the HX’s market analysis, the management team thinks that owing to their healthcare experience and linguistic skills, radiation oncology facilities on the East Coast have sufficient potential to serve patients of all ethnicities.
Change in Management & Board of Directors by HX
HX announced on 14th July 2021 the instant appointment of Ms. Vivian Liu to its Board of Directors, as well as the resignation of Ms. Luping Wei. HX made it clear that Ms. Luing resigned because of her own personal reasons and not because of any conflict with the HX company. Ms. Vivian Liu has vast expertise in financial investing, capital market operations, and business management. She previously used to work at Guosen Co., Ltd. Last but not the least, Nankai University in China awarded her a bachelor’s degree in Economics and Management.
Drafting of Social E-Commerce Enterprise Operational Service Standards
On 11th March 2021, HX announced that the social e-Commerce Branch of China Association of Trade in Services has officially issued the “Social E-Commerce Enterprise Operational Service Standards”. One of the ten main organizations that participated in the writing of the Standards was Xiaobai Maimai Inc. Moreover, the Standard specifies the essential criteria across the whole process of social e-commerce, from pre-transaction to after-sales customer care, and defines the concept and business system of social e-commerce services in China. The executives of Xiaobai Maimai donated their industry knowledge and efforts to the formulation of the Standards. Lastly, those standards seek to support the healthy growth of social e-commerce in China.
