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Alibaba injects pharmacy business into HK-listed affiliate

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Chinese e-commerce firm Alibaba Group Holding is injecting its online pharmacy operations into a Hong Kong-listed affiliate in a US$2.5 billion deal to consolidate its healthcare enterprise and ride a boom in online health-related business.

Shanghai

CHINESE e-commerce firm Alibaba Group Holding is injecting its online pharmacy operations into a Hong Kong-listed affiliate in a US$2.5 billion deal to consolidate its healthcare enterprise and ride a boom in online health-related business. Shares in the affiliate, Alibaba Health...

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