- Aug 05, 2020
- Business Update
The 1st JD-PharmExpo Witnesses Wide Range of Cooperation Agreements
by Vivian Yang
The inaugural “JD-PharmExpo” was held online from August 3rd -5th under the theme of “Open, Sharing and Accessible”. JD Medicine Procurement (药京采), the pharmaceuticals wholesale trading platform under JD Health is the main host of the event. Over one million people from the pharmaceutical industry watched the opening ceremony online.
During the expo, JD Health signed a number of cooperation agreements with partners within and across the industries, which can be categorized into four cooperation types.
First, JD Medicine Procurement inked several agreements to support the digital transformation of traditional companies in the pharmaceutical industry, such as Kyuan Xinhai (Beijing) Medical Products Trade Co., Ltd., the famous Chinese laxative brand Xiang Dan Qing (香丹清)，and Jiangsu Garea Health Technology Co., Ltd.
Second, JD Medicine Procurement reached an agreement with Tomorrow Health Care (尚医智信), a leading software provider for hospital services management with strong internet solutions. Both sides will work closely on promotional channels of SaaS system for hospitals.
Third, for more coordinated development of health services and health insurance, JD Health and Allianz JD reached an agreement to build up a closed-loop system to provide seamless service solutions for governments, enterprises and individual users.
In addition to the cooperation with external partners, JD Health also took the opportunity to integrate and optimize its internal resources. During the expo, JD Medicine Procurement signed agreements with several of JD Health’s departments that manage non-drug products including medical equipment, nutrition, and healthcare products. This helps to form a more integrated supply chain model that can effectively handle all kinds of pharmaceutical products no matter whether they are sold online or offline, through retail or wholesale, and from whichever warehouses, greatly improving inventory turnover and reducing logistics costs.