Alibaba Health announced on May 22 that the shares of Alibaba health indirectly held by Alibaba Group Holdings Co., Ltd. through its subsidiaries increased from 7.665 billion shares to 7.713 billion shares, accounting for about 57.06% of the total issued share capital of Alibaba health from 56.7%.
The announcement shows that on May 20, innovare tech Limited, a subsidiary of Yunfeng fund, made a physical distribution to the limited partners (LP) of the fund in proportion to some of the shares held by Alibaba health. After the distribution, Alibaba remains the largest and ultimate controlling shareholder of Alibaba health.
The reporter learned from people close to Alibaba that as the flagship ecological layout of Alibaba Group in the field of big health, the increase in shareholding also shows Alibaba’s confidence in the healthy and long-term development of Alibaba. Analysts said that the increase of Alibaba’s shareholding ratio is conducive to Alibaba health’s further coordination with Alibaba’s ecological strength. On the basis of consolidating the advantageous business of existing pharmaceutical e-commerce, Alibaba health will accelerate the development of internet medical innovative service mode, closely focus on the needs of users, and connect a one-stop medical and health service system of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) combination.
Earlier, Alibaba group said in its annual report that Alibaba health is the group’s flagship platform for introducing innovative solutions to the pharmaceutical and health industry. Ali health has vigorously developed the sales business of medical and health products, actively built an internet medical platform based on artificial intelligence, and helped local medical institutions complete the digital transformation.
In the recent anti epidemic campaign, Alibaba health integrated the business resources of Alibaba health pharmacy and tmall platform and launched a one-stop “epidemic prevention zone” to facilitate users to purchase chronic disease drugs, commonly used drugs, masks, antigen self-test reagents and other protective articles. More than 2000 licensed pharmacists provided consumers with 24-hour free medication guidance services online. Ali health has also opened online free clinic services, with more than 3000 doctors taking the initiative to provide health consultation and online follow-up services for patients in need during special periods.
The distribution of shares by Yunfeng fund to LP on the same day is the transfer of stock rights and interests rather than the cash distribution after the sale of shares. For this distribution, Yunfeng Fund said that stock distribution is a regular fund management behavior. Yunfeng fund is always optimistic about the long-term development of Alibaba health in the great health track, will continue to maintain good cooperation with Alibaba health in the field of great health, and is committed to providing professional, HP and convenient medical and health services to the public.
