Jack Ma-backed Ant bets on AI health in 480 billion yuan sector race

Ant Group Centers Growth Strategy on AI Healthcare

Ant Group plans to offer artificial intelligence-powered health services to most of China’s 1.4 billion people within three years, Bloomberg reported Tuesday (Feb. 10). The company, whose operations include digital payments platform Alipay as well as lending, wealth management and insurance technology, sees AI-powered healthcare as the source of its next phase of growth, according to the report. Zhang Junjie, head of Ant Group’s health…

From Fintech Fallout to Digital Health Frontier: How Ant Group Is Wagering Its Future on AI-Powered Healthcare

Five years after one of the most dramatic corporate reversals in modern Chinese business history, Ant Group Co. is making its boldest strategic pivot yet — staking its resurgence on the intersection of artificial intelligence and healthcare in a market projected to reach $69 billion. The Jack Ma-backed financial technology giant, once humbled by Beijing’s regulatory crackdown that torpedoed its record-setting initial public offering in late 2020…

Jack Ma-backed Ant bets on AI health in 480 billion yuan sector race

The move comes with risks in a digital health sector littered with companies that scaled quickly, but struggled to turn a profit