The health arm of Alibaba Group recently released its annual financial report for the first quarter this year. It showed that Ali Health earned about 5.1 billion yuan in the first quarter, up by 108.6% from a year ago.
The net loss is 91.8 million yuan, down by 15.8% from a year ago.
Ali Health said the growth of revenue and profit comes from its self-operate medicine business, its e-commerce platform and consumer medical services.
The GMV generated via Tmall’s medicine shops in the past 12 months till the end of March reached 59.5 billion yuan. The number of annual active consumers reached 130 million. (Source:baijiahao)