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US pharma giant Merck backs healthcare marketplace HD in Southeast Asia

1. Merck's subsidiary invests in HD, a Southeast Asian healthtech startup. 2. HDmall aims to digitize healthcare and reduce costs for consumers. 3. Startup generated $100 million in annual gross transaction volume last year. 4. Implementation of AI in healthcare enhances customer interactions significantly. 5. HD's B2C2B strategy aims to facilitate enterprise monetization in emerging markets.

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FAQ

Why Bullish?

Merck's investment in healthtech suggests confidence in growth areas, mirroring past positive trends in similar investments.

How important is it?

The research and growth in emerging health markets indicate potential long-term value additions for Merck's portfolio.

Why Long Term?

The establishment of a robust health platform could yield sustained benefits over time, akin to successful tech investments in healthcare.

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