On July 7th, Ali Health announced that it will acquire the entire share capital of Guangzhou Wuqing Pharmaceutical Chain Co., Ltd. (hereinafter referred to as the “five thousand pharmaceutical chainâ€) for RMB 16.8 million. The agreement between the two parties was signed yesterday.
Ali Health Announcement shows that the registered capital of Wujin Pharmaceutical Chain Co., Ltd. is RMB 5 million. Principally engaged in the retail business of pharmaceuticals and Chinese medicine beverages in the PRC, and the operation of pharmaceutical retail chain stores, holding Internet drug trading service qualification certificates, and the right to sell the non-prescription drugs and certain other regulated products listed in the relevant regulations online.
In addition, the announcement shows that Guangzhou's five-thousand-year-old pharmaceutical chain has been losing money since 2014. The specific data is that the net profit before tax in 2014 and 2015 was 1.078 million yuan, 355,000 yuan, and the net profit after tax in 2014 and 2015 was 107.5. Ten thousand yuan, -356,000 yuan.
Previously, Ali Health obtained the A-certification of the third-party online retail pilot qualification through the 95095 platform, and subsequently obtained the A-certification of the medical B2B third-party platform qualification in August 2015. C certificate of Ying B2C. This means that Ali's acquisition of a book with a loss for the whole year may not be for its offline stores, but for the self-operated medical B2C business.
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