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Yaoshibang

ysbang.cn

Founded Year

2015

Stage

Series E | Alive

Total Raised

$497.19M

Valuation

$0000 

Last Raised

$270M | 1 yr ago

About Yaoshibang

Yaoshibang is an operator of mobile apps that allow patients to order and receive medicine from pharmacies directly, with guaranteed next-day delivery in major cities.

Headquarters Location

No. 397 Xingang Road TIT Creative Park, Creative West Road C03 Building/C06 Building

Guangzhou, Guangdong,

China

+86 020-89772072

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Research containing Yaoshibang

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Yaoshibang in 1 CB Insights research brief, most recently on Jan 23, 2020.

Expert Collections containing Yaoshibang

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Yaoshibang is included in 6 Expert Collections, including E-Commerce.

E

E-Commerce

9,879 items

U

Unicorns- Billion Dollar Startups

1,201 items

O

On-Demand

1,251 items

P

Pharma Supply Chain

1,359 items

D

Digital Health

13,587 items

B

Biopharma Tech

401 items

Latest Yaoshibang News

Pharmaceutical Trading Platform Yaoshibang Applies for Hong Kong IPO

May 26, 2022

Yaoshibang, a Chinese pharmaceutical distribution platform , submitted an application on Tuesday for a public listing to the Hong Kong Stock Exchange (HKEx), with Goldman Sachs and CICC named as co-sponsors. According to the firm’s prospectus, Yaoshibang was established in 2015, and obtained the license for an online drug trading service platform issued by China’s National Medical Products Administration in 2016. Yaoshibang claims that its mission is to build a safer and more efficient trading and services platform for the pharmaceutical industry. In its prospectus, it quoted Frost & Sullivan’s report, saying that its gross merchandise volume (GMV) reached 27.5 billion yuan ($4.1 billion) in 2021, with a compound annual growth rate of 42.9% since 2019. Both stats ranked first among China’s non-hospital digital pharmaceutical service platforms. The income of Yaoshibang in 2019, 2020 and 2021 totaled 3.25 billion yuan, 6.06 billion yuan and 10.09 billion yuan respectively, while gross profit in the same period was 228.9 million yuan, 608.8 million yuan and 913.8 million yuan respectively. In addition, its net loss in past three years was 1.0455 billion yuan, 571.7 million yuan, and 501.6 million yuan respectively. As of December 31, 2021, Yaoshibang had attracted about 4,700 merchants and about 434,000 buyers to trade on its platform. In 2021, the GMV of third-party merchants on the platform was 17 billion yuan, accounting for about 61.9% overall.

Yaoshibang Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Yaoshibang Rank

Yaoshibang Frequently Asked Questions (FAQ)

  • When was Yaoshibang founded?

    Yaoshibang was founded in 2015.

  • Where is Yaoshibang's headquarters?

    Yaoshibang's headquarters is located at No. 397 Xingang Road, Guangzhou.

  • What is Yaoshibang's latest funding round?

    Yaoshibang's latest funding round is Series E.

  • How much did Yaoshibang raise?

    Yaoshibang raised a total of $497.19M.

  • Who are the investors of Yaoshibang?

    Investors of Yaoshibang include Green Pine Capital Partners, Sfund, Sunshine Insurance Group, Baidu, Pearl River Investments and 12 more.

  • Who are Yaoshibang's competitors?

    Competitors of Yaoshibang include Truepill, Alto Pharmacy, Ro, NURX, Favor and 10 more.

Compare Yaoshibang to Competitors

Truepill Logo
Truepill

Truepill offers an online pharmacy that provides telehealth services, patient-facing brands, and solutions for health brands, pharmaceutical manufacturers, and health plan providers. The company also offers telehealth and diagnostics services alongside the company's pharmacy service. It provides a virtual pharmacy, which serves as a white-labeled pharmacy e-commerce platform for others. It caters to the pharmaceutical sector. The company was founded in 2016 and is based in Hayward, California.

Ro Logo
Ro

Ro is a patient-driven telehealth company that puts patients in control of their health. The company builds technology to make healthcare accessible, affordable, and enjoyable. Ro powers three digital health clinics: Roman for men’s health, Rory for women’s health, and Zero for fighting smoking cessation. It also operates Ro Pharmacy, a simple and affordable online pharmacy where every generic medication is $5 per month. Ro’s nationwide network of physicians and pharmacies provides a personalized, end-to-end healthcare experience from online treatment to the delivery of medication and ongoing care. The company was founded in 2017 and is based in New York, New York.

Alto Pharmacy Logo
Alto Pharmacy

Alto Pharmacy provides same-day, free delivery, seven days a week for prescriptions, offering cost transparency, personalized in-app and phone support, and real-time coordination with doctors and insurance companies.

p
phil

Phil is a software therapy deployment platform, offering pharmaceutical manufacturers a modern alternative to traditional access, affordability and distribution options. Through its digital stakeholder experiences, patient access services, market access solutions and distribution models, pharma manufacturers are able to deliver affordable and timely therapy access to patients.

Remedi Seniorcare Logo
Remedi Seniorcare

Remedi SeniorCare delivers comprehensive pharmacy services, pharmacy consulting, and data management services to nursing homes, assisted living, and continuing care retirement communities. The business is committed to helping these organizations achieve outstanding care, financial strength, and medication safety. Remedi combines their culture of caring with real-world pharmacy services and best-in-class technology to give organizations more time and resources and help them focus on caring for their residents.

Kit Check Logo
Kit Check

Kit Check provides cloud based and Internet of Things (IoT) hospital pharmacy kit processing and medication tracking software which replaces time consuming and error prone manual processes for hospital medication handling.

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