AZ partners with Chinese internet giants, reports strong China sales

AstraZeneca plc (LSE:AZN; NYSE:AZN) announced two Chinese partnerships along with its 4Q17 earnings report Friday, which showed the company's sales in the country increased 30% at constant exchange rates to $813 million for the quarter.

AZ partnered with e-commerce giant Alibaba Group Holding Ltd. (NYSE:BABA) to use the Chinese company's artificial intelligence and "internet of things"-based technologies to improve healthcare provision. The deal will prioritize disease education, management and control of chronic diseases, as well as improving medicine traceability and verification...