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 30-May-18, ejinsight 

E-commerce giant Alibaba Group said it will inject some of its online pharmacy business into a listed unit in a deal valued at HKD10.6 billion (USD1.35 billion).

Alibaba injects pharmacy assets into healthcare unit (c) Bloomberg

Image: Bloomberg

Under the deal, Alibaba Health Information Technology will buy Ali JK Nutritional Products Holding. The agreement is expected to bolster business for Ali Health amid the fast-growing healthcare technology market in China.

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 Healthcare insights 

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