[2] In 1998, Shui Hing was sold to fashion retailer Easyknit International Holdings and was rebranded to Easy Concepts.

[2][6] In 2015, Alibaba agreed to transfer the operations of its online pharmacy business from Tmall to AliHealth for US$2.5 billion of newly issued shares and convertible bonds.

[2][6][7] In 2018, AliHealth made multiple investments in offline healthcare companies which included Guizhou Ensure, ShuYu Civilian Pharmacy Corporation and Huaren Health.

AliHealth which had been making losses for multiple years, wanted to find ways to generate stable cash flows to improve profitability.

[8] During the COVID-19 pandemic, AliHealth shares reached its highest point as it reported increased revenue due to direct sales.