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Fitbit and Alibaba sign MoU to expand reach in China

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28-Apr-16 Fitbit, the leader in connected health and fitness, and Tmall.com, China's largest third-party web platform, owned by Alibaba, have signed an MoU to expand Fitbit’s reach in China. The partnership will introduce the Fitbit platform to hundreds of millions across the country. "Since 2014, we’ve seen steady growth in the market," said Woody Scal, Chief Business Officer at Fitbit. [image: Fitbit]

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All numbers up - LG Household & Health Care

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26-Apr-16 LG Household & Health Care reported record high results in the first quarter of 2016. Net sales of KRW1.5 tn (USD1.3 bn) and operating profit of KRW234 bn (USD199 mn) represent growth of 17% and 31% respectively. Sales of Health products increased 6.5% and operating profit increased 12%, due to steady growth in both personal and home care segments. [image: LG]

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Cipla bets big on consumer health in India

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20-Apr-16 India's Cipla has renewed its focus on over-the-counter (OTC) products five years after it exited the segment. The company aims to build three-to-five INR1 bn (USD5 mn) brands in five years with the launch of novel products and tapping into the growing health and wellness consciousness amongst the urban population. [image: Business Standard]

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Communist Party vows to build a "healthy China"

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03-Nov-15 The Communist Party of China has vowed to build a "healthy China" with a better health system and balancing the population through the two-child policy. In a proposal for the 13th five-year plan (2016-2020), the CPC called for an efficient basic healthcare system in both urban and rural areas and modern management of hospitals. [image: Xinhua Finance Agency]

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