Tonghe 毓承领投è¯1Medical Network $50 million financing
On April 26, Tonghe Yucheng announced that it has completed its investment in China's Internet + pharmaceutical health leader, the 1 drug network. The investment is led by Tonghe and the investment amount is about 50 million US dollars.
â–² left picture: 1 drug network co-founder Yu Gang; right picture: 1 drug network co-founder Liu Junling
1 Medicine Network was founded in 2010 by the founders of the original No. 1 shop, Yu Gang and Liu Junling. It is committed to changing the status quo of the Chinese public “difficult to see a doctor and buy medicines†through the Internet model and thinking. 1 Pharma Network uses innovative Internet and IT technologies to provide online medical treatment, drug purchase and health management services, and through the reduction of intermediate links, optimize the supply chain, provide a complete solution for the Chinese public to buy medicines and provide benefits and convenience.
Dr. Chen Lianyong, the founding managing partner and CEO of Tonghe Yucheng, said: “Tonghe Yucheng focuses on investment in the medical and health field. We are optimistic about the opportunities in the pharmaceutical circulation. The cooperation with the 1 drug network is based on our belief in two. The leadership and strategic layout capabilities of the founders, as well as their past industry experience, will play an important role in the company's future development."
Internet + medical health will be one of the most promising industries in the next few decades. The current status quo in China is that it is difficult to buy medicines for the public, and the circulation of medicines is numerous and inefficient, and the fragmentation integration of drug circulation terminals is low. The Internet will change the landscape of this industry. Dr. Yu Gang, co-founder and executive chairman of 1 Pharmacy, said: "We are committed to the core competitiveness of Internet IT technology, business intelligence big data technology, supply chain management, through our B2B2C cloud service platform. Organic integration of medicines and medicines, B and C, online and offline resources, empowering pharmacies, hospitals, doctors, and pharmaceutical companies to help them improve efficiency, reduce costs, and better serve the public and become more competitive. Source: Sina Pharmaceutical Network)
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