Alibaba invests $35 million in medical imaging company
Alibaba Health, Alibaba’s healthcare unit, has invested approximately $35 million into Wanliyun Medical Information Technology, China’s earliest medical imaging company.
According to China Money Network and a more recent report from TechCrunch, Alibaba gains a 25 percent stake in Wanliyun as a result of the investment. In addition, Alibaba will be able to nominate two directors to join the company’s board.
Wanliyun Medical Information Technology specializes on cloud technologies. Its majority shareholder is China Resources Wandong Medical Equipment.
Michael Walter, Managing Editor
Michael has more than 16 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.