Alibaba Health and CICC Capital Launch $1B Global Healthcare Fund

Original Title: Alibaba Health and CICC Capital Launch Global Healthcare Fund, Completing $1 Billion Fundraising Source: Cyzone

At the Third China Internet Healthcare Summit in 2020, Lei Wang, Global Executive Vice President of AstraZeneca and President of International Business and China, announced that the Global Healthcare Industry Fund, jointly established by AstraZeneca and CICC Capital, had completed its $1 billion fundraising. The fund aims to leverage AstraZeneca’s deep-rooted resources in the healthcare sector and CICC Capital’s expertise in investment management and capital operations to create a specialized fund focused on the healthcare industry. It seeks to accelerate the optimization and integration of medical resources in China, expand the introduction of overseas innovations and the incubation of local innovations, and help bring Chinese innovations to the global market. Source: Cyzone Original Title: Alibaba Health and CICC Capital Launch Global Healthcare Fund, Completing $1 Billion Fundraising