Chinese internet giant Alibaba is taking a step further towards their goal of disrupting China’s medical industry.

AliHealth, Alibaba’s Hong Kong-listed health affiliate, has invested 225 million RMB (around 34.56 million USD) in Wlycloud, the telemedicine imaging subsidiary of China Resources Wandong Medical Equipment Co., Ltd.

Upon completion of this deal, China Resources retains a controlling 75% stake in the company, while AliHealth holds a 25% stake and nomination rights for two out of the five board members.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.