eHaoYao Peak Daily Order Volume Reaches 10,000

Ebrun, 11/05/12

Cui Wei, CEO of 360Buy and Jointown Pharmaceutical Group's (600998.SH) pharmaceutical e-commerce joint venture eHaoYao, revealed recently that the site has set a new single-day record of 10,000 orders. eHaoYao's top sellers fall mainly in the categories of adult products, seasonal goods, vitamin supplements, mother- and child-care products, and home medical devices.

eHaoYao is preparing to launch "Jiankang Julifang" ("Health Supercube"), an O2O product that will connect customers with offline medicine retailers through online channels, directing customers to nearby pharmacies or hospitals. eHaoYao will also select major pharmaceutical companies to deliver medicines to the pharmacies and hospitals in question.

Discussing the future of eHaoYao, Cui said that e-commerce would account for 1% of the total medicine retail market in 2012 - but predicted that this would grow to 4% of the market, or around RMB 15 bln, by 2015.

Keywords: e-commerce Internet 360buy Cui Wei Jointown eHaoYao JV B2C 600998.SH

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