Alibaba sees Wanilyun as picture perfect investment

Mar 29, 2016 • Robert Lavine

Alibaba's health IT subsidiary will pay $34.5m for a 25% stake in Wanilyun Medical Information Technology, a medical imaging spinout of Wandong Medical.

E-commerce group Alibaba, has agreed to invest RMB225m ($34.5m) in China-based medical imaging technology developer Wanliyun Medical Information Technology, according to a securities filing yesterday.

Alibaba, which invested through its Alibaba Health Information Technology subsidiary, will take a 25% stake in Wanliyun, a subsidiary of medical device manufacturer China Resources Wandong Medical Equipment.

Wanilyun supplies medical imaging technology centred on big data cloud platforms and cloud storage services, as well as the formation of remote medical imaging service centres.

Alibaba…

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