Alibaba Health Seeing Greater Competition as On-Demand Platforms Expand Into Nonfood Delivery

We expect narrow-moat Alibaba Health, or AliHealth, to benefit from low saturation in healthcare e-commerce. The business is still in the early phase where it is focused on mass user adoption and should see robust growth in the near term, and now is set to integrate the advertising business into its platform to add another incremental revenue stream. It also plans to add cloud-based AI to develop the platform into a one-stop shop for healthcare products, services, and a digital hospital for its users.