Quanyuantang and Itochu Logistics Group Sign Memorandum of Understanding to Unlock the Value of Pharma New Retail

Recently, Quanyuantang, a leading digital retail platform for pharmaceuticals and healthcare in China, officially signed a memorandum of cooperation with Itochu Logistics Corporation. The two parties will collaborate across multiple dimensions, including capital, merchandise, and supply chain. By leveraging Itochu Logistics’ comprehensive advantages and global experience in resource integration, supply chain management, and big data applications, alongside Quanyuantang’s business ecosystem in new pharmaceutical retail operations and management, both sides aim to jointly explore development opportunities in the context of the new economy and new consumption environment.

Itochu Corporation is a Fortune Global 500 company. It currently conducts trade and investment activities across a wide range of business sectors in 63 countries and regions worldwide. Itochu Logistics (China) Co., Ltd. (hereinafter referred to as “ILC”), as the core logistics enterprise of the Itochu Group, was established in 1994 and is one of the earliest logistics companies founded in China, with a total warehouse area exceeding 500,000 square meters.

Partnering with Itochu not only marks a new milestone in Quanyuantang’s supply chain development but also provides direct support across multiple dimensions. Amid the overarching trends of pharmaceutical separation and the outward flow of prescriptions, Itochu Logistics Group will leverage its advantages in capital, resources, data, and operational management to comprehensively empower Quanyuantang’s end-to-end operations in new pharmaceutical retail. By drawing on Itochu’s global market experience, the partnership will enable Quanyuantang to deepen its expertise in the new pharmaceutical retail sector, expand into a more diverse range of healthcare product categories, better meet the evolving and upgrading health consumption scenarios, and deliver smarter, more refined health management solutions to a broad user base.

Regarding the collaboration with Quanyuantang, Mr. Sasaki Kazuhide, President of Itochu Logistics Corporation, stated, “Quanyuantang is an impressive face of ‘Internet Plus’ pharmaceuticals. Its new online-to-offline business model has brought a fresh perspective to pharmaceutical retail. Itochu will leverage its strengths to work closely with Quanyuantang, continuously injecting operational vitality into the new pharmaceutical retail landscape and providing smarter services to users.”

Li Can, Chairman of Quanyuantang, stated: “Itochu possesses mature management and operational expertise in global markets. Quanyuantang will align closely with Itochu to leverage the agglomeration effects of capital, rapidly respond to users’ health needs through the Internet of Things (IoT) and big data, and continuously build Quanyuantang’s proprietary new retail pharmaceutical ecosystem via multi-data, full-traffic, and full-category interfaces, thereby establishing a leading digital retail platform for pharmaceuticals and healthcare in China.”

As its first major move in 2019, Quanyuantang will leverage this partnership as a foundation to jointly explore and unlock the core value of new pharmaceutical retail with Itochu Logistics Group. By combining strong capital resources, a global perspective, and mature expertise, the collaboration aims to create a novel medication-searching experience for consumers and bring endless possibilities to pharmaceutical retail.