Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Shanghai-Based Robot Developer Closes $46 Million Funding Round
Trending in China: Top Broadcast Exec Questions if Esports Are Really a Sport – Cue Heated Debate
Chinese Video Streamer iQiyi Targets U.S. Market With Animation on Nickelodeon
Chinese Majority Owned Lotus Announce EV Sports Car Venture With Renault’s Alpine
Chinese New Film Materials Maker HIUV on Track to Raise $227m in STAR Market IPO
Jordan Slam Dunks on Copycat Chinese Sportswear Brand Forcing Them to Change Their Name
Trending in China: Will ‘Chinese Baijiu’ Name Change Propel It To Global Dominance?
EHang Pioneers Self-Flying Drones for Tourists in Greater Bay Area City
TCL Squashes Rumours it is Withdrawing From North America Amid Empty Shelves
Chinese PE Fund Manager CICC Capital Secures $649m Second Close of Biomedicine Fund
WeRide Receives $310 Million as Beijing Opens Highways to Autonomous Car Tests
China’s Orchid Asia Leads Funding in Delivery Platform Fantuan, Edtech Startup Ivydad
U.S.-Listed Video Streamer Bilibili Files for Secondary Listing in Hong Kong, CNBC Reports
Dining Delivery Pay Dispute Leads Man to Set Himself on Fire
PayPal Becomes First Foreign Company to Offer Digital Payments in China
Tesla Rival Xpeng Motors Into New Year Fueled By New Credit Line
China’s Smartphone Shipments Fall Nearly 13% in December Amid Virus Flare-Up
Trending in China: Weibo Fails to See the ‘Funny Side’ of Sexual Harassment
Luxury Retailer Secoo Looks to Join Exodus of Chinese Companies from U.S. Stock Exchanges
Chinese Biotech Firm VISEN Raises $150m Led by Sequoia Capital China
Alibaba’s Healthcare Unit Finds Tonic for Profits

Ding Yi / Nov 27, 2020 07:03 PM / Business & Tech

Alibaba’s healthcare subsidiary AliHealth turned a profit in its latest reporting period, as medicine and healthcare product sales at its self-run online store grew significantly.

During the six months from April to September, Hong Kong-listed AliHealth made a net profit of 279 million yuan ($42 million), in sharp contrast to a 7.6 million yuan loss in the same period last year, according to the company’s latest financial report.

The company attributed the U-turn to a rapid user base expansion, the benefits of its April acquisition of a medicine e-commerce business from Ali JK Nutritional Products Holding Ltd., and fast sales growth for its self-run online pharmacy.

During the period, AliHealth’s revenue totaled 7.2 billion yuan, up 74% year-on-year. Nearly 84% of the total came from medicine and healthcare product sales at its online pharmacy, which jumped 75.7% year-on-year, according to the report.

AliHealth said its drugstore had 65 million active consumers as of the end of September.

Contact reporter Ding Yi (

Share this article
Open WeChat and scan the QR code