ETAO International Group to go public via a SPAC merger with Mountain Crest Acquisition III in a $2.5bn deal.

ETAO International Group, a digital healthcare and telemedicines services provider, agreed to go public via a SPAC merger with Mountain Crest Acquisition III, a special purposes acquisition company, in a $2.5bn deal. “ETAO aims to become the world’s leading digital healthcare group—providing transformative medical care and quality service. The partnership with Mountain Crest will enable us to expand more rapidly and bring many more talented clinicians and more advanced telemedicine technologies to bear on our commitment to better healthcare delivery to the Chinese population," Wilson Liu, ETAO Chairman and CEO.