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Alibaba Sends Pharmacy Biz To Affiliate In $2.5B Deal

By Zachary Zagger (April 15, 2015, 6:33 PM EDT) -- Alibaba Group Holding Ltd. is selling its online pharmacy unit to its Hong Kong-listed drug information affiliate Alibaba Health Information Technology Ltd. in a HK$19.45 billion ($2.5 billion) deal including the issuance of over three million shares, the affiliate said Tuesday as it looks to capitalize on the growing online health marketplace....

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