Ali Health: E-commerce is still picking the big beam Internet medical growth fast

On the evening of May 27th, Ali Health, which combines pharmaceutical e-commerce, Internet medical, consumer medicine, smart healthcare and other businesses, released its 2020 financial results, which showed revenue of 9.6 billion yuan, up 88.3% YoY, and gross profit of 2.23 billion yuan, up 67.6% YoY, with a loss of 15.7 million yuan, down 82.9% YoY.Ali Health explained in its annual report that the growth in revenue and gross margin was mainly due to the rapid growth of its pharmaceutical self-employed business and pharmaceutical e-commerce platform business this year, while increased profitability helped it increase its investment and distribution in prescription drugs, Internet healthcare, smart healthcare and other businesses.As of March 31, 2020, Ali Health's Tmall Pharmaceutical e-commerce platform generated more than 83.5 billion GMVs, with more than 190 million annual active consumers, an increase of 30 million over six months ago. Over the same period, pharmaceutical self-employed business revenue increased 92.4% year-on-year, with more than 48 million active consumers in online self-employed stores, an increase of 11 million from six months ago.Pharmaceutical e-commerce continues to pick the big beam, O2O prescription drugs are fully onlineit is well known that Ali Health has been Alibaba Group's "Double H Strategy" (Happiness and Health) in the field of large health landing and practice platform, since its inception has been the focus of attention. In Alibaba's big business ecosystem, Ali Health plays the role of providing "Internet Chinese" service solutions to 1.4 billion people.Since its establishment, Ali Health's deep cultivation in the field of Internet health has entered its sixth year. From a single operation to maintain China's drug electronic regulatory code business, to now complete the construction of the Internet health business platform, Ali Health has formed a pharmaceutical e-commerce, smart medical, Internet medical, consumer medical-based four lines of business, cultivate their own ecosystem.Financial results show that Ali Health 2020 fiscal year revenue of 9.6 billion yuan, of which, pharmaceutical self-employed business revenue reached 8.13 billion yuan, accounting for 84.8%, pharmaceutical e-commerce platform business 1.17 billion yuan, accounting for 12.2% - the two accounted for 97% of the total, pharmaceutical e-commerce business still provoked Ali Health revenue "big beam."Specifically, in February this year, Ali Health acquired a full stake in Ali JK ZNS Limited, a direct wholist subsidiary of parent company Alibaba Holding, and so far, Ali Health has operated medical devices and health care products, adult family planning, contact lenses, health food, special medical foods, and medical and health services on Tmall Pharmaceuticals platforms acquired from Alibaba Group, while continuing to provide outsourcing and value-added services for Tmall.In addition to actively acquiring and integrating Tmall Pharmaceutical Platform, during the outbreak, Ali Health took on a large number of social responsibilities, has been online "buy medicine not go out" service, Hubei Province drug shortage registration service, rest assured that drug purchase plan, and participate in Alibaba "Spring Thunder Plan" - these actions also directly brought Tmall pharmaceutical platform GMV, the number of active consumers growth, reporting period, Tmall pharmaceutical platform GMV more than 83.5 billion yuan, more than 190 million active consumers.In addition, Ali Health is also actively expanding the pharmaceutical O2O business, as of March 2020, "30 minutes delivery, 7X24 hours delivery" service, has covered Hangzhou, Beijing, Guangzhou, Shenzhen, Wuhan, Shanghai, Chengdu and other 14 cities, at the same time has been more than 140 cities in the country to launch "emergency delivery" service.It is worth noting that during the reporting period, Ali Health O2O prescription drug business was fully launched, while the establishment of online follow-up and prescription prescription compliance system, on the basis of unified supervision, to achieve the follow-up patients Internet hospital consultation, prescription and delivery of drugs door-to-door full process services, at the same time, its O2O business also in Zhangzhou City, Zhejiang Province to achieve online medical insurance payment pilot.Self-employed business, including Ali Health's own B2C retail, related advertising business and B2B collection and distribution business, reported a 92.4% year-on-year increase in self-employed revenue due to the richness of self-employed B2C commodity categories and SKUs.Exploring fees, Internet healthcare revenue grew 221.2%in addition to the pharmaceutical e-commerce business, the Internet medical business is also quite attractive. According to the financial report, Ali Health began to explore the charging model in the field of Internet medical care, and during the reporting period, Ali Health's revenue from Internet medical services such as online health consulting reached 38.42 million yuan, up 221.1% YoY.Relying on the previously established Ali Health Network Hospital Co., Ltd., Ali Health Organization practitioners, practicing pharmacists and dietitians and other professionals, for Tmall, Taobao, Alipay and other end-users to provide health advisory services and guidance. At present, more than 42,000 medical practitioners, practicing pharmacists and dietitians have been signed up, including more than 29,000 attending, deputy directors and chief physicians.Among them, since November 2018, Ali Health has set up an independent healthcare channel on Alipay clients and is responsible for managing the healthcare industry partners within the channel. By the end of March 2020, Alipay had signed up more than 15,000 medical institutions, of which more than 3,900 were second- and third-tier hospitals, and nearly 400 third-tier hospitals in 17 provinces across the country were connected to medicare payments.It is worth noting that Ali Health during the outbreak, including anti-epidemic education, online consultation, buy medicine not to go out, such as a series of civilian services, driving Ali health care services aliberry health care services active users showed explosive growth, in the first quarter of 2020, Alipay Health Channel cumulatively re-active users more than 390 million.In addition, Ali Health in the field of Internet medical breakthroughs are also worthy of attention.In January 2019, the "Zhejiang Internet Hospital Platform" jointly funded by Ali Health and Ant Financial Services, Zhejiang Flat Health Data Technology Co., Ltd., was officially launched, and became the first regional Internet medical platform in China to combine regulatory and service capabilities.In April this year, Ali Health Joint Alipay, in Jinan, Shandong Province, the first innovative pilot and run through the country's first e-health insurance voucher-based Internet medical model, the realization of including "medical insurance e-voucher claims , online re-diagnosis , online prescription flow , online medical insurance payment , drug distribution to home", from consultation to purchase drugs fully covered online health insurance one-stop service.Ali Health also pointed out that on the basis of the online health insurance payment program, which has made breakthroughs in the previous period, follow the national policy of promoting the use of electronic medical insurance vouchers throughout the country, and work closely with Alipay to promote the realization of online health insurance payments in more regions, while realizing the linkage and coordination of different business sectors.Affected by the epidemic, vaccines, medical examination into a new breakthrough in consumer medicalconsumer medical care is one of the most market-oriented industries in the medical industry, with a large market capacity of significant characteristics. It is predicted that the overall market size of China's consumer medical industry, including medical treatment, oral medicine, medical examination, vaccine, maternity and other related industries, has exceeded RMB560 billion in 2018, and will continue to maintain a compound growth rate of nearly 20% in the next five years.Ali Health backs Ali's huge ecological access to consumer health care, through Taobao, Tmall, Alipay and other traffic entrance, all-round access to potential users. At present, the resident business covers medical beauty, physical examination, oral, vaccine, maternity, reproduction, overseas medical and other industries.In September 2019, Ali Health, in association with a number of medical and U.S. brands, medical institutions and service providers, officially launched Tmall Medical Beauty's "New Plan" to help brands and institutions connect Tmall's 300 million U.S. consumers. At the same time, Ali Health and industry partners set up a "peace of mind beauty" alliance, through the linkage upstream and downstream, to help consumers enjoy more professional and transparent medical services.These moves have boosted Ali's healthy consumer health business, which took just 10 hours and 31 minutes to exceed last year's full-year turnover during the 2019 Double-11 campaign.However, the sudden outbreak of the medical and oral oral and other consumer medical industry has a great impact, for this, Ali Health also admitted in the financial report, "due to the consumer medical business giant's strong local business characteristics, consumers need to go offline to complete the service, the business sector by the impact of the outbreak, resulting in the second half of GMV growth slowed."But Ali Health also noted that the impact of the outbreak on the group's overall performance is limited, and as the outbreak eases, it is also actively promoting business innovation. According to specific data, Ali's health consumer health care business reached 210 million yuan during the reporting period, up 67.1% YoY.In late April, Ali Health in Beijing, Shanghai, Guangzhou and other top ten cities nationwide on-line new crown nucleic acid testing services, as of the end of the report, has been with more than 2000 public and private medical examination institutions to establish cooperation, through Tmall, Alipay, nails and other positions to provide product services.In addition, in the field of vaccines, Ali Health promotes the "vaccine reservation service e-commerce" and "vaccine ecological cooperation" twin engine long layout, the current vaccine reservation service has covered dozens of large and medium-sized cities across the country, and with GlaxoSmithKline, Sanofi Pasteur and other pharmaceutical companies to establish cooperation to enhance China's influenza vaccine and joint vaccination rate.Research
AI products, promote the new medical infrastructure landingrelying on the advantages in the field of big data, cloud computing, artificial intelligence technology, Ali Health continues to explore and expand in the field of smart medicine, and actively cooperate with the government, hospitals, research institutes and other external institutions to explore the development of information technology, artificial intelligence and big data technology-based intelligent medical business. Related fields related to the Internet Medical Alliance, medical research platform, medical education scenario simulation platform, clinically assisted decision-making system, remote imaging platform, blockchain data security solutions.Two years ago, Ali Health invested in the medical big data service provider "Zhejiang Flat", as the brain to carry Ali Health Data Business, during the reporting period, Zhejiang Pingxuan helped the Hangzhou Yuhang District Government to build a regional intelligent health comprehensive application system "Health Yuhang Wisdom Cloud" officially released, for residents in the region to provide including online medical appointments, registration, payment, personal health management and other people's livelihood services. At the same time, in the medical artificial intelligence system, Ali Health successfully hatched the brain health screening AI engine, through AI technology quantitative analysis of the EET, play a role in suggesting depression, Alzheimer's disease, epilepsy and other risk screening, has been put into use in the medical examination institutions. In addition, four AI engines have been developed: digital oral orthodontic AI engine, epilepsy AI engine, dynamic electroculation AI engine, and slow-blocking lung AI engine. Ali Health Smart Healthcare also played an important role during the outbreak. Ali Health jointly developed the new coronary pneumonia AI technical service to help doctors quickly screen for new coronary pneumonia through CT impact, which is now available to 550 domestic hospitals. According to the financial report, digital medical and retrospective business revenue for the reporting period was $39.49 million, up 2.0% YoY. Among them, as a highly isolated products with other platforms, Ali Health "code rest assured" platform resident and renewed the total number of pharmaceutical enterprises in China continues to maintain more than 90%, of which the coverage rate of vaccine manufacturers has reached 100%.
(Sina Pharmaceutical News)