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China tech tycoons' healthcare dreams dashed by reality

Alibaba's Jack Ma, Baidu's Robin Li and Tencent's Pony Ma are struggling to make money off their ventures

Mr Ma (left) has pushed his plans to bring hospital services online via Alibaba Health Information Technology; Mr Li's Baidu has built a mobile application for physicians to give online consults.


IN 2014, billionaire Jack Ma, founder of online retail giant Alibaba Group Holding Ltd, declared his ambition to make China's hospitals better, drugs cheaper and people healthier.

Others in China's tech universe were becoming equally bullish on healthcare, and that year...

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