Did you know?

ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

See preview >>

  Email address:
   

Ali Health Buys China Online Drug Seller for $2.5 Million

publication date: Jul 8, 2016
Alibaba Health Information Technology, the online healthcare subsidiary of Alibaba, has made another foray into China online drug sales by acquiring Wuqiannian Medicine Co. Wuqiannian owns a license to sell its own OTC drugs and TCM products on the internet. Ali Health paid $2.5 million for the company, which also operates a chain of drug stores. Wuqiannian was granted a five-year license in 2015 to sell its OTC drug products over the internet. Earlier this year, China's government shut down an Ali Health website, Yao.tmall.com, which was a third-party site selling OTC drug products. More details....

Stock Symbol: (NYSE: BABA)

Share this with colleagues:  


This article is available for purchase - please click here for details.

Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

ChinaBio® News

Greg Scott BIO-Europe Interview
Greg Scott Interviewed at BIO-Europe Spring

How to bring your China assets to China in 8 minutes

Greg Scott Mendelspod Interview
"Mr. Bio in China."
Mendelspod Interview

Multinational pharma held to a higher standard in China

Partner Event
November 2-3, 2023 | Shanghai
November 7-8, 2023 | Digital