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7 Jan, 2021 Author Soon Chen KangJiayue Huang
China s crackdown on internet companies, including Alibaba Group Holding Ltd., is unlikely to affect their burgeoning healthcare businesses and could transform the medical sector into a key battleground for e-commerce and tech companies.
COVID-19 and related restrictions on movement have sparked rapid growth in the adoption of online pharmacy and medical services in China in 2020. Online services will continue to disrupt the space due to favorable regulations and the ability of the companies to facilitate easy access to consultations and medicines, especially in rural areas and among the elderly, industry observers said.