Ali's revenue exceeded 50 billion, up 56%, medical health business became a new point

On August 17, Alibaba Group announced that its financial report for the first quarter of FY18, as of June 30, showed that the group's revenue for the quarter reached RMB 50.184 billion (US$ 7.403 billion), a year-on-year increase of 56%. China's retail platform reached 466 million active customers last year; mobile monthly active users reached 529 million, an increase of 22 million compared with March 2017; international retail business revenue increased by 136%.

In recent years, Alibaba Group has also increased its market layout in terms of medical health. In 2014, it joined forces with Yunfeng Fund to invest in Ali Health, which is an important layout of Alibaba Group to the pharmaceutical and health industry.

Ali Health currently mainly includes the B2C business and the service business of the Tmall Platform Medical Museum. Subject to the suspension of the Internet third-party platform drug online retail pilot, in August 2016, Ali Health completed the acquisition of Guangzhou Five-Yuan Pharmaceutical Chain Co., Ltd. (later renamed Ali Health Pharmacy) with the C-type Internet Drug Trading Service Qualification Certificate. , start the B2C pharmacy business. Ali Health Pharmacy Online Self-operated Store officially opened on September 12, 2016. During the period, B2C pharmacy business income was RMB 1.38 million, of which online self-operated store revenue reached RMB 789,000 in half a month. This speculation, in the early days of Ali Health Pharmacy business, conservative estimates that the annual income is expected to be around 20-30 million or even more, Ali Health also said in the announcement that B2C business will quickly become the most important source of revenue for Ali's next phase of health.

On September 13, 2016, the service agreement signed between Ali Health and Tmall's main body of Alibaba Group came into effect. According to the service agreement, Ali Health has provided exclusive outsourcing and value-added services such as investment promotion, merchant customer service and technical support for the Tmall platform medical related categories and charged corresponding service fees.

In terms of health management, Ali Health said that it will continue to improve its health management platform through the Smart Care Program to provide consumers with life-wide, all-weather health management services. At the same time, it will explore with other partners through big data analysis applications. To create a personalized electronic health record for the public and promote integrated health services covering prevention, treatment, rehabilitation and health management throughout the life cycle.

On August 16, 2017, Ali Health announced that it has cooperated with GlaxoSmithKline (GSK) to jointly launch the “Ruizhi-Adult Vaccine Service Project” (hereinafter referred to as “Ruizhi Project”) jointly established by both parties. Launched an adult disease prevention and innovation service to provide users with online disease education and consultation, online appointments and other services, to create a convenient disease prevention and vaccination consultation experience from online to offline (O2O) for consumers, consumers in Taobao You can make a prescription for cervical cancer vaccine.

At present, Alibaba combines medical health and its e-commerce marketing, and the future medical and health business will become its important revenue channel.

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