Shanghai Pharma teams up with JD.com to sell drugs onlines

By Ding Yining | May 18, 2015, Monday |

Online Edition

SHANGHAI’S state-backed pharmaceutical group Shanghai Pharmaceutical Holding said it has teamed up with e-commerce company JD.com to further tap the booming online drug sales market.

The two companies will increase their investment in Shanghai Pharmaceutical Holding Grand Health Cloud Business Co, which was set up in March this year.

The capital injection will be completed within three months, according to a joint statement Monday. It didn’t reveal the amount of investment.

Shanghai Pharma would also operate JD's online prescription drug sales platform under an exclusive agreement, as well as sharing drug-sales related data and resources.

Shanghai Pharma had said that it plans to leverage Shanghai Pharmaceutical Holding Grand Health Cloud Business Co as a new business entity to combine offline retail resources of the company to better reach patients in the Internet era.

JD will help build e-commerce platform operation and logistics distribution network regarding drug sales and distribution.

The teaming up would allow Shanghai Pharma to adapt more quickly to e-commerce trends and it is an important strategic arrangement for the company, according to its stock exchange filing.

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Shanghai Pharma teams up with JD.com to sell drugs onlines

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