Alibaba Health Expands Into New Consumer Business After SetbacksBloomberg News
Alibaba subsidiary to expand tracking system for consumers
Company hopes to reach consumers concerned with food safety
Alibaba Health Information Technology Ltd. has seen losses mount for the past two years, grappled with regulatory changes and seen its share price slump from record highs. Now the subsidiary of China’s biggest e-commerce operator is attempting to revive its fortunes by tapping new areas of growth -- like consumer safety.
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