Alibaba injects $488 million health food assets into Ali Health

HONG KONG (Reuters) - Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth of health food and nutritional products businesses to the company, further developing it into Alibaba's healthcare flagship platform.

from Reuters: Technology News http://ift.tt/2rxDLDA