Predict your next investment

Corporation
INTERNET | eCommerce / Pharmacies
alihealth.cn

See what CB Insights has to offer

Founded Year

2014

Stage

Reverse Merger | IPO

Market Cap

259.17B

About Alibaba Health

Alibaba Health (HKG: 0241) provides comprehensive online solutions that facilitate the cross-regional sharing of social healthcare resources, enhance the efficiency of medical care, and promote easier access to medicine. The company's business focus is on pharmaceutical e-commerce, intelligent medicine, and product tracking. It is the healthcare subsidiary of Alibaba Group.

Alibaba Health Headquarter Location

Block 1, Block B, Greenfield Center Hongtai East Street, Chaoyang District

Beijing, Beijing, 100102,

China

+86 010-58259000

Latest Alibaba Health News

China vows further curbs on ‘disorderly expansion’ by tech firms

Sep 27, 2021

A child trying on virtual reality (VR) glasses at the Light of Internet Expo, which is a part of the World Internet Conference, in Wuzhen, China. Since its first public use by the Politburo in December, the phrase “disorderly expansion of capital” has expanded from a criticism of platform companies to an explanation for actions against technology moguls, celebrities and private tutors. — AFP China will take further steps to rein in Internet companies, a senior cyberspace official said, citing the shared economy, online health care and smart delivery as areas of concern. Vice Minister Sheng Ronghua told the World Internet Conference on Monday that curbing monopolistic behavior and the “disorderly expansion of capital” were top priorities for the Cyberspace Administration of China. Sheng also listed self-driving vehicles and platform economies as areas that required stronger regulation. “We need to build a solid legal foundation for anti-monopoly efforts and prevent disordered expansion of capital,” Sheng said at the annual conference in Wuzhen, Zhejiang province. “A sound data-management and trading mechanism will also be built.” Sheng’s comments suggest that the effort could extend to new firms. Regulation of shared economy or smart delivery applications could impact Meituan, for instance, while Baidu Inc has worked on autonomous driving and Alibaba Health Information Technology Ltd and JD Health International Inc do business in the online health sector. The Wuzhen conference was started by President Xi Jinping to showcase the globalisation of China’s digital sector, and its opening Sunday was joined by Elon Musk and the chief executive officers of Intel Corp, Qualcomm Inc, Cisco Systems Inc and Nokia Oyj. In comments conveyed to the event by Vice Premier Liu He, Xi said China would work with all countries to create a vibrant digital economy and improve regulation. Since its first public use by the Politburo in December, the phrase “disorderly expansion of capital” has expanded from a criticism of platform companies to an explanation for actions against technology moguls, celebrities and private tutors. Sheng’s latest remarks could temper optimism that Xi is looking to ease his market-roiling crackdowns after declaring “initial results” last month in the efforts to bring order to such capital. China has ramped up the campaign with a series of monopoly probes into Internet companies, a record fine for Alibaba Group Holding Ltd and new demands on leading digital firms like Tencent Holdings Ltd. The country is pushing its tech titans to share their data troves, open up their platforms to greater competition and support opportunities for smaller businesses. “We are looking to improve the regulations on shared economy and platform economy to safeguard their healthy growth,” Sheng said. “We are also looking to set up frames for the management of areas in autonomous driving, online health care and smart delivery.” – Bloomberg Article type: metered

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Alibaba Health Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Alibaba Health Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.