Alibaba Health shares surge 13% on strong annual earnings, with plans for future growth.

From Investing.com: 2024-05-28 00:42:59

Alibaba Health’s shares surged 13.7% on strong annual earnings, with adjusted net profit up 91% to 1.44 billion yuan and revenue at 27.03 billion yuan. Margins improved, driven by online healthcare services and pharmaceutical sales. The firm plans to focus on the internet health industry and AI applications for future growth.



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