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Wandong Medical Raises $147 Million; Alibaba Participates

publication date: Jun 10, 2015
China Resources Wandong Medical Equipment, a Beijing medical imaging company, raised $147 million in a private placement from seven investors, a group that included Alibaba's Jack Ma. Yunfeng, the investment vehicle associated with Ma, invested $32 million in the financing for a 2.4% stake in Wandong. As part of the deal, Wandong will provide analyses of patients’ MRI and CT scans on Yidegu, Alibaba’s online healthcare platform. More details....

Stock Symbols: (SHA: 600055) (NYSE: BABA)

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