Alibaba injects pharmacy assets into healthcare unit in $1.4 billion deal
https://www.reuters.com/article/us-alibaba-health/alibaba-injects-pharmacy-assets-into-healthcare-unit-in-1-4-billion-deal-idUSKCN1IU06S
Chinese e-commerce giant Alibaba Group Holding Ltd will inject some of its online pharmacy business into a listed unit in a deal valued at HK$10.6 billion ($1.35 billion), the firm said in a statement on Tuesday.