Alibaba Health Delivers Strong FY2026 Profit Growth and Advances Smart Healthcare Push
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Alibaba Health Information Technology reported a 12% revenue increase to RMB34.26 billion and a 35.2% rise in net profit to RMB1.94 billion for FY2026. Adjusted net profit grew 19.3%, supported by user growth on its healthcare platforms. The company is advancing its smart healthcare initiatives and launched a model for medical professionals. Despite positive growth, analysts rate the stock as a Sell with a price target of HK$4.60. Alibaba Health operates in the Internet healthcare sector, focusing on e-commerce and smart healthcare solutions.
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