Yufeng Capital/Alibaba Wins $1.6 Billion Takeover Battle for iKang Healthcare

According to ChinaMoneyNetwork.com, Yufeng Capital, the investment vehicle backed by Alibaba's Jack Ma, has won the takeover battle for iKang Healthcare, a chain of private China healthcare clinics. The other two bidders for the company --Meinian Onehealth and management -- have withdrawn their bids, said the site, leaving Yufeng as the only contender. The question now becomes whether iKang will be absorbed into Alibaba's mobile health platform. However, so far, iKang has not made any official announcement that the takeover battle has ended. More details.... Stock Symbols: (NYSE: BABA) (NSDQ: KANG) Share this with colleagues: // //