Alibaba Health Information Technology, the flagship health care platform of Alibaba Group, is selling new shares to fund its expansion. Photo: Bloomberg Alibaba Health Information Technology, the flagship health care platform of Alibaba Group, is selling new shares to fund its expansion. Photo: Bloomberg
Alibaba Health Information Technology, the flagship health care platform of Alibaba Group, is selling new shares to fund its expansion. Photo: Bloomberg

Alibaba Health raising US$1 billion through new share sale to fund expansion of pharmaceutical network

  • Alibaba Group’s flagship health care platform to sell 400 million new shares for HK$20.05-HK$20.50 each, according to deal’s term sheet
  • Company had planned to expand its online drug sales this year as demand for its services surged during the coronavirus pandemic in China

Topic |   US-listed Chinese stocks
Alibaba Health Information Technology, the flagship health care platform of Alibaba Group, is selling new shares to fund its expansion. Photo: Bloomberg Alibaba Health Information Technology, the flagship health care platform of Alibaba Group, is selling new shares to fund its expansion. Photo: Bloomberg
Alibaba Health Information Technology, the flagship health care platform of Alibaba Group, is selling new shares to fund its expansion. Photo: Bloomberg
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