Alibaba sells medical assets to Hong Kong-listed arm for $1.4b

Alibaba sells medical assets to Hong Kong-listed arm for $1.4b

Photographer: Qilai Shen/Bloomberg

Alibaba Group Holding Ltd. is selling assets from medical devices to drugs for HK$10.6 billion ($1.4 billion) to a Hong Kong-listed unit that it’ll take control of and turn into its main healthcare arm.

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