As the Internet health industry enters a new stage of development, Ali Health released its mid-term results announcement for the first half of FY18, indicating that Alibaba's flagship platform in the medical and health sector has achieved strong growth in revenue and gross profit in pharmaceutical and health retail. At the same time, long-term layout has begun in frontier technologies such as medical big data and artificial intelligence (AI).
On the evening of November 15, Ali Health released an interim results announcement. During the six-month period ended September 30, 2017, a total revenue of 889.7 million yuan (RMB, the same below) was recorded, with a gross profit of 255.5 million yuan. Significant growth of 151.69% and 437.5% respectively. At the same time, the adjusted net loss decreased significantly by 30.2% from the same period of FY2017 to RMB344.4 million.
According to the results announcement, Alibaba's current main business mainly includes three parts: health product sales and e-commerce platform services, product traceability platform, smart medical care and personal health management services. The strong growth in revenue and gross profit was mainly attributable to the rapid growth of health product sales and platform services business: during the reporting period, health product sales revenue reached RMB 786.2 million, and e-commerce platform service revenue also increased significantly.
Innovative health-related value-added services accounted for a relatively small proportion of revenues from health product sales and e-commerce platform services. However, as far as the announcement is concerned, innovation fields such as smart medical care and health management will be one of the important layouts for the future development of Ali Health.
China Digital Medical Network (HC3i.cn) said in the 2016-2017 Artificial Intelligence + Medical Market Analysis and Trend Report that the scale of China's artificial intelligence + medical market reached 9.661 billion yuan in 2016, with a growth rate of 37.9%. It is expected to exceed 13 billion yuan in 2017, an increase of 40.7%, and is expected to reach 20 billion yuan in 2018.
Ali Health’s management has publicly stated on many occasions that the outbreak of technologies such as AI, cloud computing and wearable devices, the accumulation of medical data and the arrival of an aging society will bring more benefits to Internet + medical care. Market outlook. The announcement shows that the smart medical and personal health management sectors are connected to the government and medical institutions, and the patients and medical staff are served as the main products, such as smart hospitals, medical AI solutions, and health management tools. Service closed loop. In this closed loop, the research and development of cutting-edge technologies such as big data, medical AI, medical association and other rapid iterations is the top priority. This is the reason behind Ali's health is willing to continue to invest.
According to the announcement data, as of September 30, Ali Health “continued to hire more information technology engineers to expand the medical service network, build a health management platform and medical intelligence analysis engineâ€. For this reason, the product development expenditure was 6137. Ten thousand yuan, an increase of 21.7% over the same period last year.
The facts also show that in 2017, Ali Health continued to move in the field of smart medical innovation: In July, Ali Health released the medical AI “Doctor You†and demonstrated the CT lung nodule intelligent detection engine in “Doctor You†at the Wanliyun Medical Imaging Center. Real application scenarios in the remote imaging diagnostic process.
In August, Ali Health announced a joint medical and community blockchain project with Changzhou City, Jiangsu Province, to apply the most cutting-edge blockchain technology to the underlying technical architecture system of the Changzhou Medical Association to achieve local medical institutions. Data interconnection has become China's first blockchain application based on medical scenarios.
In October, Ali Health signed a contract with the First Affiliated Hospital of Zhejiang University School of Medicine, the Second Affiliated Hospital of Zhejiang University Medical College and the Xinhua Hospital affiliated to Shanghai Jiao Tong University School of Medicine to establish the “Medical Artificial Intelligence Engineering Laboratory†to build a national “medicalâ€. Talent intelligent training platform to create a model smart hospital.
“The vision of the Group is 'to enable big data to help health care, use the Internet to change health, and provide fair, inclusive and accessible medical health services to 1 billion people.'†The announcement pointed out that to achieve this goal, Ali Health will not count Short-term benefits continue to increase investment in health care big data and artificial intelligence.
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