Alibaba Increases Stake in Health Venture to 57.06%

(Source: Alizila)

Alibaba Health Information Technology Limited announced on the Hong Kong Stock Exchange (HKEx) website on May 20 that that its parent entity, Alibaba, has increased its shareholding in the company from 7,664,602,068 shares to 7,713,318,533 shares, representing an increase from 56.70% to 57.06% of the total issued share capital.

This incr…