Alibaba Health expands into new consumer business after setbacks

Alibaba Health expands into new consumer business after setbacks

REUTERS/Brendan McDermid

Alibaba Health Information Technology Ltd. has seen losses mount for the past two years, grappled with regulatory changes and seen its share price slump from record highs. Now the subsidiary of China’s biggest e-commerce operator is attempting to revive its fortunes by tapping new areas of growth — like consumer safety.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter