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Alibaba’s health shift prescribes market medicine

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Indonesia Berita Berita

Alibaba is injecting assets into Ali Health, now worth $25 billion. It’s a timely bet that the coronavirus will accelerate reforms, like opening China’s $370 billion drug industry to web retailers. mak_robyn:

Alibaba Health Information Technology on Feb. 7 said it agreed to buy a subsidiary from its parent, Alibaba, for HK$8.1 billion .

As part of the deal, Alibaba Health will issue 861 million new shares at HK$9.38 each in exchange for Ali JK ZNS, which operates the online pharmaceutical business on Alibaba’s e-commerce sites.

 

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