https://www.scmp.com/rss/517695/feed Alibaba Health is the flagship healthcare platform of Alibaba Group Holding. Through two direct online stores, it sells prescription and over-the-counter medications, health supplements and skincare products to customers, who can also access its online consultation service. The company was formerly known as Citic 21CN, a drug data services company. In 2014, Alibaba and a Chinese private equity firm co-founded by Alibaba founder Jack Ma bought a controlling stake in Citic 21CN and changed its... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhang Shidong Zhang Shidong Hong Kong stocks rebounded from a three-week low in a late rally on Wednesday, as traders weighed the prospects of monetary easing after a mixed reading on the US payroll report. The Hang Seng Index rose 0.9 per cent to 25,468.78 at the close after swinging between gains and losses during most of the day’s trading. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 1.8 per cent and the Shanghai Composite Index added 1.2 per cent. China Life Insurance jumped... https://www.scmp.com/business/china-business/article/3336699/hong-kong-stocks-trade-sideways-investors-weigh-rate-cut-odds-after-mixed-us-job-data?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336699/hong-kong-stocks-trade-sideways-investors-weigh-rate-cut-odds-after-mixed-us-job-data?utm_source=rss_feed Wed, 17 Dec 2025 02:29:47 +0000 Julie Zhang Julie Zhang Mandi, the Alibaba Health-backed consumer healthcare arm being spun off from mainland drug maker 3SBio, filed for an initial public offering in Hong Kong on Friday, betting that its market-leading minoxidil hair-loss products will attract investors. The deal aims to tap into a red-hot Hong Kong market that has seen US$73 billion in equity capital market activity this year, a 232 per cent surge from the same period in 2024, according to data from the London Stock Exchange Group. The company did... https://www.scmp.com/business/banking-finance/article/3333643/3sbio-spin-mandi-banks-hair-loss-and-weight-loss-drugs-hong-kong-ipo-bid?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333643/3sbio-spin-mandi-banks-hair-loss-and-weight-loss-drugs-hong-kong-ipo-bid?utm_source=rss_feed Fri, 21 Nov 2025 05:37:18 +0000 Zhang Shidong,Cao Li Zhang Shidong,Cao Li Hong Kong stocks rose by the most in more than two weeks on Monday, as a catch-up with last month’s decade high on mainland markets played out and Alibaba Group Holding surged by the most in more than three years. The Hang Seng Index rallied 2.2 per cent to 25,617.42 at the close, registering the biggest advance since August 13. The Hang Seng Tech Index also gained 2.2 per cent. Mainland stocks continued their solid run, with the CSI 300 Index rising 0.6 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3323855/alibaba-rally-leads-hong-kong-stocks-towards-biggest-gain-2-weeks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3323855/alibaba-rally-leads-hong-kong-stocks-towards-biggest-gain-2-weeks?utm_source=rss_feed Mon, 01 Sep 2025 02:21:28 +0000 Enoch Yiu Enoch Yiu Alibaba Group Holding plans to raise HK$12 billion (US$1.5 billion) via exchangeable bonds to fund its cloud business and international e-commerce operations, the company said on Thursday. The bonds will not pay interest but will allow bondholders to exchange them for shares of its subsidiary, Alibaba Health Information Technology. “Alibaba Group intends to use the net proceeds from the bond offering for general corporate purposes, including investments to support the development of our cloud... https://www.scmp.com/business/banking-finance/article/3316867/alibaba-seeks-us15-billion-exchangeable-bonds-cloud-e-commerce-push?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3316867/alibaba-seeks-us15-billion-exchangeable-bonds-cloud-e-commerce-push?utm_source=rss_feed Thu, 03 Jul 2025 15:07:14 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks gained, reversing earlier losses, after a government report showed growth in profits for Chinese companies accelerated, underpinning efforts by global investors to diversify their investments away from the US amid global trade turmoil. The Hang Seng Index rose 0.4 per cent to 23,381.99 on Tuesday. The Hang Seng Tech Index added 0.5 per cent. On the mainland, the CSI 300 Index slipped 0.5 per cent while the Shanghai Composite Index declined 0.2 per cent. Meituan rallied 2.1 per... https://www.scmp.com/business/china-business/article/3311900/hong-kong-stocks-gain-earnings-outlook-meituan-outperforms-consensus?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3311900/hong-kong-stocks-gain-earnings-outlook-meituan-outperforms-consensus?utm_source=rss_feed Tue, 27 May 2025 02:43:39 +0000 Hong Kong stocks struggled at a five-month low after China locked down another key auto manufacturing base, increasing the pain on producers. BYD halted a six-day slump as traders deemed the rout as excessive. The Hang Seng Index fell 0.1 per cent at 19,202.73 at the close of Tuesday trading, pinned to the lowest since mid-March. The Tech Index was little changed while the Shanghai Composite Index climbed 1.4 per cent. Tencent Holdings retreated 1.5 per cent to HK$314.20 while Alibaba Health... https://www.scmp.com/business/markets/article/3191475/hong-kong-stocks-extend-slump-china-locks-down-another?utm_source=rss_feed https://www.scmp.com/business/markets/article/3191475/hong-kong-stocks-extend-slump-china-locks-down-another?utm_source=rss_feed Tue, 06 Sep 2022 02:41:14 +0000 Chinese healthcare-related stocks tumbled in Hong Kong on speculation authorities are turning to online pharmaceutical platforms as the next focus of regulatory crackdown, erasing HK$40 billion (US$5 billion) of market value on Wednesday. Alibaba Health Information sank 13.8 per cent to HK$4.79 at the close of Wednesday trading, the most in 11 months, while JD Health tumbled 14.8 per cent to HK$53.40, its worst drop in two months. A healthcare sub-gauge within the Hang Seng Composite Index... https://www.scmp.com/business/markets/article/3182620/alibaba-health-jd-health-pull-chinese-healthcare-stocks-lower-amid?utm_source=rss_feed https://www.scmp.com/business/markets/article/3182620/alibaba-health-jd-health-pull-chinese-healthcare-stocks-lower-amid?utm_source=rss_feed Wed, 22 Jun 2022 06:30:34 +0000 Hong Kong stocks rose for a second day, as bargain-hunting for technology companies continued and sentiment improved after a retreat in oil prices ease inflationary pressure. The Hang Seng Index gained 1.1 per cent to 21,927.63 at the close on Tuesday, extending a 1.3 per cent gain the previous day. The Hang Seng Tech Index added 2.5 per cent. China’s Shanghai Composite Index lost 0.3 per cent, as the mainland’s biggest commercial city entered its second day of partial lockdown to contain the... https://www.scmp.com/business/markets/article/3172207/hong-kong-stocks-rise-second-day-led-alibaba-health-meituan?utm_source=rss_feed https://www.scmp.com/business/markets/article/3172207/hong-kong-stocks-rise-second-day-led-alibaba-health-meituan?utm_source=rss_feed Tue, 29 Mar 2022 02:38:04 +0000 Hong Kong stocks advanced for a third day, as Chinese tech companies rallied in the best winning run in a month on valuations appeal while HSBC Holdings jumped. China Life Insurance and developer Modern Land slumped amid internal financial crises. The Hang Seng Index rose 1.1 per cent to 23,23,746.54 at the close of Monday trading. The Tech Index jumped 2.2 per cent while China’s Shanghai Composite Index gained 0.4 per cent. Alibaba Health Information and Kuaishou Technology both surged by more... https://www.scmp.com/business/markets/article/3162761/hong-kong-stocks-gain-tencent-jdcom-lead-tech-benchmark-best-run?utm_source=rss_feed https://www.scmp.com/business/markets/article/3162761/hong-kong-stocks-gain-tencent-jdcom-lead-tech-benchmark-best-run?utm_source=rss_feed Mon, 10 Jan 2022 02:34:03 +0000 Hong Kong stocks declined for the first time in three days as investors looked to signals in the ongoing earnings season to gauge the strength of economic recovery from the pandemic. The Hang Seng Index dropped 0.4 per cent to 26,038.27 at the close on Tuesday, retreating from near a six-week high. The Hang Seng Tech Index fell for a second day, losing 1.3 per cent. The Shanghai Composite Index slipped 0.3 per cent. Alibaba Health Information said business swung to a loss in the first half and... https://www.scmp.com/business/markets/article/3153675/hong-kong-stocks-drop-earnings-season-offers-little-sparks-alibaba?utm_source=rss_feed https://www.scmp.com/business/markets/article/3153675/hong-kong-stocks-drop-earnings-season-offers-little-sparks-alibaba?utm_source=rss_feed Tue, 26 Oct 2021 02:59:20 +0000 Alibaba Health Information Technology, mainland Chinese developer Longfor Group Holdings and hotpot chain Haidilao International Holding will become constituent stocks of the Hang Seng Index from next month, the complier announced just before it is expected to unveil a further major expansion on Monday. The addition of the three stocks to the index from March 15 will expand the number of constituents on Hong Kong’s benchmark index from 52 to 55, according to a statement from Hang Seng Indexes on... https://www.scmp.com/business/companies/article/3123340/alibaba-health-longfor-and-haidilao-join-blue-chips-hong-kongs?utm_source=rss_feed https://www.scmp.com/business/companies/article/3123340/alibaba-health-longfor-and-haidilao-join-blue-chips-hong-kongs?utm_source=rss_feed Fri, 26 Feb 2021 11:32:00 +0000 Alibaba Health Information Technology’s stock surged jumped by the most in four months after the company reported a profitable first half, as the coronavirus pandemic raised awareness and fuelled demand for its goods and services. It made a net profit of 278.6 million yuan (US$42.4 million) in the six months ended September 30, compared with a loss of 7.6 million yuan in the same period a year earlier, according to a Hong Kong stock exchange filing late on Wednesday. It marked the first... https://www.scmp.com/business/companies/article/3111448/alibaba-health-stock-jumps-earnings-report-covid-19-fuels-health?utm_source=rss_feed https://www.scmp.com/business/companies/article/3111448/alibaba-health-stock-jumps-earnings-report-covid-19-fuels-health?utm_source=rss_feed Thu, 26 Nov 2020 05:41:33 +0000 Alibaba Health Information Technology has increased the size of its follow-on new share sale launched Tuesday night by 25 per cent, raising US$1.3 billion amid strong demand from investors. At US$1.3 billion, it is the largest ever follow-on share sale by a health care company in Hong Kong, surpassing CSPC Pharmaceutical Group’s US$1.26 billion follow-on offering in April 2015, data from Refinitiv shows. The flagship health care platform of Alibaba Group Holding’s initial 400 million new shares... https://www.scmp.com/business/companies/article/3096099/alibaba-health-new-share-sale-raises-us13-billion-biggest-ever?utm_source=rss_feed https://www.scmp.com/business/companies/article/3096099/alibaba-health-new-share-sale-raises-us13-billion-biggest-ever?utm_source=rss_feed Wed, 05 Aug 2020 05:30:16 +0000 Alibaba Health Information Technology has launched a follow-on new share sale to raise up to US$1.06 billion, as the company seeks to expand its pharmaceutical and medical services network, which received a major boost from the coronavirus pandemic in China. The flagship health care platform of Alibaba Group Holding is offering 400 million new shares, or 3.1 per cent of its outstanding share capital, in a tight range of HK$20.05 to HK$20.50 (US$2.59-US$2.65) per share that could raise between... https://www.scmp.com/business/companies/article/3096035/alibaba-health-raising-us1-billion-through-new-share-sale-fund?utm_source=rss_feed https://www.scmp.com/business/companies/article/3096035/alibaba-health-raising-us1-billion-through-new-share-sale-fund?utm_source=rss_feed Tue, 04 Aug 2020 14:00:41 +0000 Alibaba Health Information Technology said on Wednesday it would strengthen partnerships with upstream pharmaceutical companies to further expand its direct online drug sales, after reporting a narrower net loss for the full year of 2019, thanks to wider adoption of online drug purchases during the coronavirus pandemic. The flagship health care platform of Alibaba Group Holding said its net loss for the year ended March 31, 2020 narrowed 92 per cent to 6.59 million yuan (US$919,488) from 81.95... https://www.scmp.com/business/companies/article/3086400/alibaba-healths-net-loss-narrows-92-cent-coronavirus-fuels-more?utm_source=rss_feed https://www.scmp.com/business/companies/article/3086400/alibaba-healths-net-loss-narrows-92-cent-coronavirus-fuels-more?utm_source=rss_feed Wed, 27 May 2020 23:30:18 +0000 Alibaba Health, the health care flagship of Chinese e-commerce giant Alibaba Group Holding, has joined with its affiliate Alipay to offer overseas Chinese free online medical consultation as the number of coronavirus cases continues to mushroom all over the world. Using the Alipay app, overseas Chinese can get in touch with doctors in mainland China for free health care consultations from 8:30am to midnight, the Hong Kong-listed company announced on Sunday on its official account on Weibo, the... https://www.scmp.com/tech/big-tech/article/3074280/alibaba-health-offers-free-online-medical-consultation-overseas?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3074280/alibaba-health-offers-free-online-medical-consultation-overseas?utm_source=rss_feed Mon, 09 Mar 2020 09:30:12 +0000