Quanyuantang Snares 500 Million Yuan in Series C

QYT (Quanyuantang) received a 500 million yuan C round of financing jointly invested by a well-known medical industry investor and SIG. Thriving Capital served as the exclusive financial advisor for this round of financing.

According to the data, the history of Quanyuantang can be traced back to 1902, when it was founded in Chengdu by Li Xichen, a famous doctor in western Sichuan, who opened the museum to practice medicine. In 2012, Li Xichen's descendant, Li Can, regained the brand of Quanyuantang, registered and established Chengdu Quanyuantang Pharmacy Chain Co., Ltd., and took advantage of the medical e-commerce express in 2014. The century-old Quanyuantang was reborn. 

At present, QYT (Quanyuantang) has formed a full-matrix operation ecology on multiple platforms such as Tmall, JD.com, Vipshop, Pinduoduo, and has opened a total of 19 official stores online, and the overall sales of pharmaceutical e-commerce companies rank among the top five in the country. .

In 2018, QYT (Quan Yuan Tang) began to focus on offline, multi-city development of chain pharmacy new retail business, through the combination of online and offline innovative new retail template for pharmacies, to build QYT (Quan Yuan Tang) smart pharmacy "small storefront, large category , High frequency, good service" new business model.

Specific business forms include community-based Internet medical and health services, O2O drug purchase platform, smart drug discovery screen, prescription drug circulation platform, 30-minute drug delivery, 7X24 hours, professional online and offline pharmaceutical consulting services, and digital consumer electronic files Wait.

As of this round of financing, QYT (Quan Yuan Tang) has achieved coverage in 7 cities across the country, with nearly 300 directly-operated new retail pharmacies. The online sales volume of its stores ranks among the top five nationwide, and the average online output of a single store ranks first in the country. 1. The O2O market share in Chengdu is over 50%, and that in Chongqing is over 45%.