Alibaba Health stock jumps on earnings report as Covid-19 fuels health care spending

Alibaba Health Information Technology’s stock surged jumped by the most in four months after the company reported a profitable first half, as the coronavirus pandemic raised awareness and fuelled demand for its goods and services.It made a net profit of 278.6 million yuan (US$42.4 million) in the six months ended September 30, compared with a loss of 7.6 million yuan in the same period a year earlier, according to a Hong Kong stock exchange filing late on Wednesday. It marked the first…

Read the original article at South China Morning Post