Friday, July 29, 2011

Online market for medicines growing


Saw this the other day on China Daily and thought it was pretty interesting. While ordering from online pharmacies has become somewhat commonplace in the U.S. (and remember the whole problem with people in the U.S. ordering drugs from Canada), it's a whole new ball of wax in China.

The whole article is here, but a good quote is:
With the rapid development of the Internet and the consequent changes in lifestyles and shopping habits, Chinese pharmacies are now further tapping into the online business-to-consumer (B2C) sector to raise profits.

ForMe Drugstore, the largest chain drugstore in Shanghai, saw a sharp daily increase of orders from online selling in just two weeks after it entered the Taobao Mall, or tmall.com, a B2C trading platform run by the country's largest online retail website, Taobao, in late June.

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