Zhejiang Zhencheng 医药在线 is a B2B e-commerce–based medical and health distribution and channel value-added services operator with operating scale near RMB200 million? (article states 经营规模近20亿元). The company emphasizes informatization and a light-asset, virtual-franchise “Zhencheng model” to integrate industry resources and boost circulation efficiency. It has designed a “云联千商” model to consolidate about 1,000 local small wholesalers using internet, IoT, GIS and cloud computing. Management says the next three years will see total investment exceeding RMB300 million to support a business scale above RMB10 billion and to help set local and national e-commerce standards. 医药在线 previously attracted institutional backers including Huarei Investment and Tonglian Capital and twice attempted listing on the ChiNext board in January 2010 and November 2011.

Total raised

$16M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2013