SHANGHAI, Aug. 7, 2019 /PRNewswire/ -- 111, Inc. (NASDAQ:
YI) ("111" or the "Company"), a leading integrated online and
offline healthcare platform, announced its winning of the 2019 China Healthcare Industry
Best Company Award at the
4th China Healthcare Industry Summit held in
Beijing. The Award selection was
made by Yi'ou.com, a well-known
technology and industry innovation service media platform in
China. The China Health
Information and Big Data Association served as advisor to the
Summit, which was entitled Healthcare Reforms from Scale to
Value. Of the several thousand audience members, there were
over 50 high-level guests. The panelists discussed reforms and
opportunities in the healthcare industry and Dr. Gang Yu,
Co-Founder and Executive Chairman of 111, presented a keynote
speech.
The public listing of 111 on Nasdaq was a milestone in the
Internet and healthcare industry, indicating the Internet-based
pharmaceutical and healthcare model having been accepted by capital
markets and its entering an expansion stage.
Since April 2018, when
China's State Council General
Office issued guidelines on the promotion of Internet plus
healthcare, China's healthcare
industry entered a period of rapid growth. With such regulatory
environment as tailwind, Internet pharmaceutical companies are
moving from an exploratory to a developmental stage and beginning
to scale up. Regulators have added "fuel" to develop the industry
while the Internet and AI are fast becoming the new growth
drivers.
111 has entered a period of rapid growth based on its unique
T2B2C model. It is able to leverage its smart supply chain,
cloud-based solutions, data analytics and professional healthcare
knowledge to generate positive and sustainable core operating,
business, and financial results while building its competitive
competencies.
With the increasing volume of prescriptions and the "4+7
Centralized Urban Pharmaceutical Procurement Policy", distribution
channels outside of public hospitals are gaining new visibility.
111's integrated online and offline healthcare and pharmaceutical
solution is attracting attention from pharmaceutical companies, and
by helping its pharmaceutical industry clients identify
distribution channels outside public hospitals, 111 is achieving
new levels of growth. As of March 31,
2019, 111 has established strategic direct sourcing
cooperation with 98 leading pharmaceutical companies domestically
and globally, and is using the Internet as a new channel for sales
in an evolving pharmaceutical retail sector.
About 111, Inc.
111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading
integrated online and offline healthcare platform in China. The Company provides hundreds of
millions of consumers with better access to pharmaceutical products
and healthcare services directly through its online retail pharmacy
and indirectly through its offline pharmacy network. 111 also
offers online healthcare services through its internet hospital, 1
Clinic, which provides consumers with cost-effective and convenient
online consultation and electronic prescription services. In
addition to providing direct services to consumers through its
online retail pharmacy, 111 also enables offline pharmacies to
better serve their customers. The Company's online wholesale
pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to
source a vast selection of pharmaceutical products. The Company's
new retail platform, by integrating the front and back ends of the
pharmaceutical supply chain, has formed a smart supply chain, which
transforms the flow of pharmaceutical products to pharmacies and
modernizes how they serve their customers.
For more information on 111, please visit
http://ir.111.com.cn
For more information, please contact:
111, Inc.
IR Director
Ms. Monica Mu
E-mail: ir@111.com.cn
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
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SOURCE 111, Inc.