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Investments10 Jan 2019 5:39

A Growing Chinese Pharmacy Platform – Yaoshibang

by AsiaTechDaily Writer
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Technology has made access to prescription medication easy. One has to do just a click and the prescription medicines are delivered free of cost to your doorstep. The main purpose of online pharmacies has been to provide access to affordable medication to the consumer accompanied by a guarantee of safety and security. Across the globe, China is the second largest pharmaceutical market after the US.  

Yaoshibang, a Chinese online pharmacy platform, provides a mobile app that allows the patients to order and receive medicines directly from the pharmacy. In some of the major cities, the delivery is made the next day after placing the order. The company was founded in 2015 and it also offers educational services, career services to pharmacists, and has a database of drugs and diseases.

This B2B trading site has raised $133 million in a D round of the series of funding led by H Capital, Tiger Global Management, and DCM. To date, the app has gotten funding of over $144.9 million and operates in over 40 cities in China with 50000 plus pharmacy company partners.

Pharmacy procurement

The company offers an efficient, professional, and preferential pharmacy reporting platform. With over 700 regular pharmaceutical suppliers across the country, over 500,000 merchants, and approximately 50000 pharmacies have reported through the pharmacist to help the platform. This B2B trading site for pharmaceuticals was founded by the former chief tech officer at Soufang.com.

The consumers can enjoy unique discounts and special offers that keep on running as you log in through the app.

Educational services by Yaoshibang

The company offers efficient learning anytime anywhere, only 10-15 minutes of intensive courses which are short, precise and have a concentrated essence. The expert team from Yaoshibang analyzes the latest outlines and conducts the examination through teachers.

Besides that, the students are taught according to their aptitude. Each course has classroom and chapter exercises so the students can self-check. The courses are divided into three categories; ordinary lecture class, premium maintenance class, and Diamond custom clearance.

The practicing pharmacists go through a pre-test training. There are over 5000 learning videos and the company boasts of 90% as the students pass rate. Over 2000 pharmacists have completed the continuing education process to become full-fledged licensed pharmacists.

Pharmacy knowledge

The app provides disease and drug knowledge. The knowledge base covers a wide range of diseases and information about more than 100,000 drugs, and all this is available at a click.

Drug recruitment

The focus is on career opportunities in the medical circle. The recruitment positions are published and can reach 100,000 registered users of pharmacists.

Get in touch with the team today!

Tags: ChinaDrug recruitmenteducationEducational servicesmedicinepharmacyPharmacy knowledgepharmacy platformPharmacy procurementYaoshibang

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