Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
** Online luxury retailer Farfetch's founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. ** RWE is open to talks about a potential divestment of its 25.1% stake in high-voltage transmission grid operator Amprion, its finance chief said on Tuesday, adding there was no need to take action as the group was satisfied with its investment. ** Hospital and pharmacy operator Aster DM Healthcare said it would sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion as it looks to separate its businesses in India and the Middle East.
Alibaba Health Information Technology said on Tuesday it had struck a HK$13.51 billion ($1.73 billion) deal to get the rights to certain services of Alibaba's marketing tool, a move it expects to improve its revenue and services to online stores. Alibaba Health said it would buy AJK Technology Holding Ltd from Taobao Holding Limited for a combination of cash and shares. Taobao is a unit of Alibaba Group Holding, the tech conglomerate that also ultimately controls Alibaba Health.