Jack Ma-Backed Ant Bets on AI Health in $69 Billion Sector Race

Roughly five years ago, Ant Group Co. reined in its ambitions after a derailed initial public offering. Today, the Jack Ma-backed company is betting on a very different business to...

By Lulu Yilun Chen, Amber Tong · Bloomberg

Roughly five years ago, Ant Group Co. reined in its ambitions after a derailed initial public offering. Today, the Jack Ma-backed company is betting on a very different business to fuel its next phase of growth: health care powered by artificial intelligence.