Alibaba’s headquarters in Hangzhou, Zhejiang province, China on November 10. Photo: ReutersAlibaba’s headquarters in Hangzhou, Zhejiang province, China on November 10. Photo: Reuters
Alibaba’s headquarters in Hangzhou, Zhejiang province, China on November 10. Photo: Reuters
Business /  Companies

Alibaba Health new share sale raises US$1.3 billion in biggest ever Hong Kong health care placement

  • Alibaba Group’s flagship health care platform upsizes placement by a quarter to 498.8 million shares amid strong demand
  • Company plans to expand its online drug sales as demand for its services surged during the coronavirus pandemic in China

Topic |   Stocks
Georgina Lee
Georgina Lee

Updated: 9:50pm, 5 Aug, 2020

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Alibaba’s headquarters in Hangzhou, Zhejiang province, China on November 10. Photo: ReutersAlibaba’s headquarters in Hangzhou, Zhejiang province, China on November 10. Photo: Reuters
Alibaba’s headquarters in Hangzhou, Zhejiang province, China on November 10. Photo: Reuters
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