COVID-19 continues to spread across the world, especially in
Europe. According to John Hopkins
University's latest real-time statistics, as of 10:00 a.m. Beijing Time on March 19, the COVID-19 had sickened more than
217,000 people globally, with 136,100 cases diagnosed outside
China
(https://coronavirus.jhu.edu/map.html). As the ongoing pandemic
draws increasing international concern, within China fears have mounted about the safety of
Chinese citizens living and working abroad.
SHANGHAI, March 19, 2020 /PRNewswire/ -- 111, Inc. (NASDAQ:
YI) ("111" or the "Company"), a leading integrated online and
offline healthcare platform in China, announced today that it
has started to offer free online consultation service to Chinese
nationals living and working abroad through its Internet hospital
since March 17. This expands the
Company's pioneering efforts to combat the outbreak, by providing
including free online consultations to the large numbers of Chinese
living, working, or visiting overseas.
Equipped with a professional medical team of more than 2,000
doctors, 111's platform is capable of providing real-time online
consultation services to Chinese nationals living and working
abroad, as well as potentially to the more than 60 million overseas
Chinese, mostly residing in Southeast
Asia. The newly launched Chinese-language service covers 11
categories including general outpatient, pediatrics, internal
medicine and gynecology and obstetrics. In the meantime, 111 has
also placed a portal to the service at a prominent position on its
app homepage with a clear reminder, so that users of the app can
easily locate and access the service. The service can be visited at
https://yzm.111.com.cn/m/yw-twwz/overseas.html?channel=HWYZ&drugstore=7370935&from=singlemessage&isappinstalled=0.
As a major cloud-based healthcare service provider and leading
Internet healthcare platform in China's fight against the virus, 111 has
provided free online consultation service through its Internet
hospital since a national emergency was declared against the
outbreak of COVID-19 on January 23.
The service has served as an important complement to offline
medical resources and effectively helps to minimize the risk of
hospital-acquired contagion.
During the outbreak, the number of new registered users on 111's
App has increased over fivefold and the number of new patients with
chronic diseases has increased more than threefold. With the
assistance of artificial intelligence ("AI") technology, individual
doctors on 111's platform have provided as many as 300
consultations per day.
Mr. Pengcheng Zhu, Co-COO of 111,
commented, "Online medical service is emerging as the 'second
battlefield' in China's efforts on
prevention and control of the virus. By leveraging our cloud
capabilities, 111 will continue to help Chinese people around the
world combat the outbreak with our cloud-based free online
consultation service."
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Among other things, the
Business Outlook and quotations from management in this
announcement, as well as 111's strategic and operational plans,
contain forward-looking statements. 111 may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Such statements are based upon management's current
expectations and current market and operating conditions and relate
to events that involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company's control. Forward-looking statements
involve inherent risks, uncertainties and other factors that could
cause actual results to differ materially from those contained in
any such statements. Potential risks and uncertainties include, but
are not limited to, uncertainties as to the Company's ability
comply with extensive and evolving regulatory requirements, its
ability to compete effectively in the evolving PRC general health
and wellness market, its ability to manage the growth of its
business and expansion plans, its ability to achieve or maintain
profitability in the future, its ability to control the risks
associated with its pharmaceutical retail and wholesale businesses,
and the Company's ability to meet the standards necessary to
maintain listing of its ADSs on the Nasdaq Global Market, including
its ability to cure any non-compliance with Nasdaq's continued
listing criteria. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is as of the date of
this press release, and 111 does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
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.