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).
%20Bloomberg.jpg "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.