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AliHealth to Offer Voluntary Version of China Drug Tracking System

publication date: May 11, 2016
AliHealth, the online health service of Alibaba, will offer an updated version of its drug tracking service this month. The previous version was shut down in February. The new service will be voluntary, offer low-cost entry and provide free authentication for consumers. The previous version was mandatory for pharmas, who complained about the expense and about AliHealth's dual role as regulator and future competitor. As the operator of the system, AliHealth could monitor China drug sales, giving their planned online pharma proprietary information about sales trends. More details....

Stock Symbols: (HK: 0241) (NYSE: BABA)

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