Technology-heavy new economy companies were undoubtedly a big theme in Hong Kong last year after a number of high-flying startups made their way onto the stock market. This year, healthcare companies look to be taking centre stage.
Alibaba Health Information Technology, the Chinese tech giant’s flagship healthcare unit, was certainly the centre of attention on Tuesday after it announced an all-share deal to acquire its parent’s business-to-consumer B2C healthcare sales platform for HK$10.6 billion $1.35 billion.
The transaction was well-received by public investors -- so much so, that the Hong Kong-listed company's share price rose by as much as 15.8% in intraday trading to...
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