China Jo-Jo Drugstores adds eight new pharmacy locations

HANGZHOU, China — China Jo-Jo Drugstores, a China-based retail and wholesale distributor of pharmaceutical and healthcare products, has opened eight new retail pharmacies in Hangzhou — a company record for same-day store openings.



The company now owns and operates a total of 61 retail drugstores in China.



The eight added drugstores are among the 11 pharmacies that the company acquired from Hangzhou Sanhao Grand Pharmacy Chain on Oct. 9, 2014. These pharmacies had been remodeled with significant improvement and relocated to better locations, more in line with the company's business model of carrying thousands of pharmaceutical and healthcare products in each store, and offering better in-store experience to our customers. The new stores have been relocated to be much closer to several major residential areas, enhancing the company's store penetration in Hangzhou. China Jo-Jo's existing network of 61 pharmacies also will serve as potential delivery platforms when the company unveils its Online-to-Offline strategy in 2015.



"We are delighted to see the strong launch of our new pharmacies to kick off the New Year. In anticipation of Chinese government's approval for online prescription drug sales in 2015, we are making various strategic moves by focusing on product offerings, and easy accessibility of our online and offline stores,” said Lei Liu, chairman and CEO of the company.