Alibaba fintech arm Ant Group buys Chinese health platform HaoDF

Telemedicine grows in China as hospitals are sparse in some areas

20240913N Ant Group REUTERS

Chinese fintech heavyweight Ant Group fully took over HaoDF through an affiliate. © Reuters

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- Ant Group, a fintech heavyweight backed by Chinese e-commerce conglomerate Alibaba Group Holding, has completed the takeover of Chinese online health care platform Haodf.com, filings revealed Friday show.

As of Wednesday, an Ant affiliate became the full owner of HaoDF's operating company, according to Chinese registry data. HaoDF founder Wang Hang is no longer a shareholder in the company.

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