China: Alibaba takes stake in Meinian Onehealth

Alibaba Group has taken a significant stake in Meinian Onehealth Healthcare, the second-largest healthcare provider in China. Two Alibaba-related companies together with private equity firm YF Capital, which is run by Alibaba co-founder Jack Ma, have taken a 16.2% share in the company for Rmb7.3bn (US$1bn), according to a statement filed with the Shenzhen Stock…