The Ali Foundation leads prenetics, a genetic testing company.

Prenetics, a genetic testing start-up, recently completed a $40 million financing led by Beyonc?d Ventures and Alibaba's Hong Kong Entrepreneurs Fund, foreign media reported.
the company plans to expand into more Asian markets.
Billion Titanium Fund, Magic Capital and Yiyuan Investment were also involved in Prenetics' round of financing, which totaled $50 million.
Prenetics will use the money to develop products, recruit more engineers and scientists, launch mergers and acquisitions, and expand into China and Southeast Asia.
as a non-profit organization, Alibaba Hong Kong Entrepreneurs Fund was launched in 2015 to support companies that contribute to Alibaba's ecosystem.
alibaba's best-known business is e-commerce, but it also owns Ali Health, a medical subsidiary.
Prenetics has partnered with insurance companies to provide genetic testing services to policyholders.
, the company now covers Hong Kong, Singapore, Malaysia and Thailand, and plans to expand into more countries in the future.
so far, the company has processed 200,000 DNA samples.
Premier completed round A financing in March 2016.
has since expanded from a single product to "build an entire health ecosystem" focused on preventive medicine, said Danny Yeung, CEO of the Company.
company's products include genetic testing of dietary health, drug responses, genetic cancer risk, and pre-pregnancy testing.
who have been tested by Prenetics can use the app to obtain DNA information about diet and lifestyle advice.
, executive director of Alibaba's Hong Kong Entrepreneurs Fund, said: "We are optimistic about Prenetics' mission and business strategy.
, the company has become a leader in genetic testing and digital health in Southeast Asia.
we look forward to working closely with Prenetics on Alibaba's corporate network to provide valuable health information to individuals.
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