Freshfields advised Alibaba Health On Acquisition Of Sole Operating Right To Offer Value-Added Skills From Taobao Holding
The US$1.73bn deal will allow better services to online stores
By : Legal Era
Update: 2023-12-16 10:30 GMT
Freshfields advised Alibaba Health On Acquisition Of Sole Operating Right To Offer Value-Added Skills From Taobao Holding
The US$1.73bn deal will allow better services to online stores
Freshfields Bruckhaus Deringer has advised Alibaba Health Information Technology Limited on the acquisition of an exclusive operating right to offer marketing materials review services and an ancillary right to provide value-added skills from Taobao Holding Limited, a direct wholly owned subsidiary of the Alibaba Group Holding Limited.
Alibaba Health is committed to providing affordable, convenient, efficient, and reliable medical and healthcare services to millions of families. Its principal activities comprise the sale of pharmaceutical and healthcare products and services, the provision of internet-based medical and healthcare services, digital tracking services, and other innovative services.
The acquisition will enhance Alibaba Health’s revenue growth while allowing it to provide better services to online stores.
The Freshfields Bruckhaus Deringer team advising on the transaction was led by partner Edward Freeman. He was supported by counsel Roy Chung and associate Haohan Li.