echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Medical News > Medical World News > What makes JD health the largest pharmaceutical retailer in China by disclosing its performance for the first time after independence

    What makes JD health the largest pharmaceutical retailer in China by disclosing its performance for the first time after independence

    • Last Update: 2019-10-30
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Jingdong group announced the establishment of Jingdong health sub group in May this year, and completed financing of US $1 billion, with a valuation of nearly 50 billion yuan In less than half a year, JD health held its first partner meeting on October 28, and announced some of its current operating conditions: It has become the largest pharmaceutical retail channel in China, accounting for more than 15% of the retail market More than ordinary people's drugstores, DASHENLIN and Yifeng drugstores and other offline chain drugstores Three months ago, Xin Lijun, former vice president of Jingdong group and President of Jingdong retail life service business group, was transferred as CEO of Jingdong health In a small-scale group visit after the meeting, he introduced the overall idea of current Jingdong health in detail He said that JD group has invested in the field of health care for a long time For example, Liu qiangdong, chairman of JD group, understands the people's livelihood attribute in health care At present, the requirement of revenue KPI is only to earn back the "interest" invested But xinlijun is facing a more difficult performance pressure - user satisfaction in the Internet hospital business segment It's an indicator that seems hard to quantify and convince investors in the short term Jingdong's first water test health sector started in 2013, with non pharmaceutical retail e-commerce businesses such as health products appearing in the public ' Many people in the industry didn't know the overall layout of JD health until this year's financing news came out In fact, Jingdong health's plan is more than that It has already stretched the front line in the medical field Different from the four business sectors previously announced by Xin Lijun, namely medical health e-commerce, internet medical, health services and intelligent solutions, he has re combed the three business sectors of "medical supply chain, medical services and chronic disease management" In addition, JD health app is expected to go online by the end of the year, and the layout of these areas will complete a complete closed-loop from online to offline The adjustment of JD's health layout strategy means that it will focus on the operation ability of to C to layout the whole health industry chain, rather than only focusing on a certain section of the health industry "One way entrepreneurship is hard to win As long as I enter this field, all industries have to be passively involved," said Xin Lijun "JD health doesn't do everything It's pulling out carrots with mud It's hard for health industry to find an isolated industry." In an interview with 8:00 health news in July, xinlijun revealed that it was the largest drug retailer in China, but did not disclose specific data at that time On October 28, at the 2019 JD health Partner Conference, Xin Lijun gave a set of data: in three years, JD pharmacy has become the largest pharmaceutical retail channel in China, accounting for more than 15% of the retail market, contributing more than 60% of the sales of specialty drugs, and more than half of the drugs have been sent to cities below the third line In an interview after the meeting, he also said that in 2018, Jingdong health retail revenue exceeded 20 billion yuan This group of revenue data is higher than that of ordinary people's drugstores, DASHENLIN drugstores and Yifeng drugstores, which rank top in the offline chain drugstores In 2018, the revenue scale of these drugstores is between 7-10 billion yuan Jingdong's drug retail is mainly online self operated This revenue scale has surpassed that of Ali health and safety doctor who has paid more attention to the market before Ali health's revenue in fiscal year 2018 is nearly 5.1 billion yuan, including 4.2 billion yuan of pharmaceutical proprietary business Ping an good doctor, who disclosed the performance in 2018 earlier, has a revenue of 1.86 billion yuan from its health mall business (i.e medical e-commerce) △ Jin enlin, general manager of Jingdong health and medicine department, shared at the Cooperation Conference Jingdong health can achieve this scale of retail revenue, which is inseparable from a strong supply chain system Before the establishment of Jingdong health, Jingdong group has integrated the online and offline business of Jingdong pharmacy and opened the chain between pharmaceutical industry enterprises, commercial enterprises, retail enterprises and medical institutions It has not only B2C, which directly serves the patient business, but also B2B, which faces offline clinics and pharmacies It has connected more than 100000 offline pharmacies and personal clinics through the "pharmaceutical Jingcai" platform Another advantage of JD health is that it can achieve next day, current day or even one hour by relying on JD's strong logistics system At eight o'clock, Jianwen once reported the circulation of prescriptions in Gansu Province Drug distribution is an important part, and Jingdong has become the only drug distribution enterprise in the province In addition, in the pharmaceutical supply chain, especially in consumer products, JD health will change its previous sales mode According to the industry data and the analysis of JD user behavior characteristics, it will reverse the direction of customized products for brands and enterprises and promote them Taking wheelchair as an example, JD health will provide the demand framework according to the user's needs, and reverse the data to the manufacturer to customize the design of wheelchair and sell it On January 21, 2019, the newly launched Jingdong Internet hospital advertised: "only 0.1 yuan is needed for consultation experts!" Enter people's vision in the way of almost shopping carnival Today, Jingdong Internet hospital has 25000 outpatient services every day, which has become one of the fastest-growing internet medical platforms But in the short term, xinlijun does not expect to make money by relying on Jingdong Internet hospital, which is still a "loss" business Different from the mode that good doctors rely on gathering doctors, JD Internet hospital's strategy is to cooperate with the hospital, "let the doctors who practice here have the support and endorsement of the original hospital" Xin Lijun confessed: doctors are the happiest in their own hospital, no matter in terms of medical resources or practice safety The pain point of bringing the Internet hospital to the ground comes from the hospital itself "After the separation of medicine, the surgeon's income is obviously increasing, and the physician's income is greatly decreasing, which forces the doctor to transform The doctor himself hopes to have sunshine income." The competition of Internet hospitals is quite fierce This year, the new policy of Internet hospitals was issued, which requires Internet hospitals to rely on offline physical hospitals Internet hospitals without offline physical support will be eliminated However, many public hospitals are in urgent need of transformation after canceling the addition of drugs and consumables, enhancing the stickiness of patients, and liberalizing the online sale of prescription drugs Many public hospitals are reluctant to give up the "cake", hoping to build their own online hospitals and extend offline services to the Internet But the real problem is that most public hospitals do not have the real conditions to build Internet hospitals, and they do not have the operation ability of to C Common, just hospital information mobile terminal Take Concord Hospital for example Even though it is a famous hospital in China, the number of online apps registered in the hospital is only about 100 every day More hospitals make complaints about app single interface and single function by patients "Only the registration function, no follow-up visits, no follow-up, no drug delivery services, etc., the online app of public hospitals can not complete the online to offline closed loop, and even can not release high-quality doctors resources Xinlijun believes that the cooperation between Jingdong and Suqian is the first Internet hospital in the real sense "We have built a Suqian Internet hospital with JD Internet hospital, which is equivalent to that JD has drawn a piece of land for you in the circle of JD Internet hospital We will transform regional patients into national patients, and transform doctors' practice places from regional to national " After Jingdong launched Jingdong Internet hospital, "many public hospitals are willing to cooperate with us The cooperation of secretary and president is very important Some hospital presidents and secretaries have complete ideas and ideas, but there are few such hospitals It's not enough just for the hospital to have ideas, but also for the local medical insurance to cooperate " In addition to building a "loss" Internet hospital with public hospitals, JD health is still "ambitious" Xin Lijun revealed that in the future, he will cooperate with Hu Dayi, a famous cardiologist, to establish a national research-based Internet hospital in the field of heart disease That is to say, JD's Internet hospital will follow the path of specialty and continue to extend, from the field of heart disease to other specialties The wind is surging on the line, and the undercurrent is surging off the line In the past year, Alibaba, Tencent, Ping'an and other players have been laying out offline to seize the track At the beginning of this year, Ali just completed the privatization of Aikang Guobin Before he could breathe, he recently spent nearly 5 billion yuan to take 10.82% of the shares from the controlling shareholder of medical giant meinian health, and became the second largest shareholder of meinian health In Alibaba's previous layout, most of the traffic is online, not connected with offline, and the existing health data dimension is single, so it is difficult to form a more complete health file In one year, Ali won the two giants of physical examination Ali's ambition is clear: through connecting with offline physical examination institutions, forming a complete flow entrance and data source Unlike Alibaba, Tencent has chosen chain drugstores as a part of its offline layout On October 9, according to media reports, Tencent plans to invest about $500 million in the Chinese drugstore business of Hillhouse capital group, which is valued at about $2.5 billion Gaoji medical, a subsidiary of Hillhouse capital, acquired tens of thousands of offline pharmacies at one go and became the "largest" drugstore chain in China It was difficult to "digest" for a while Tencent's arrival just formed the prototype of prescription circulation and the possibility of closing the online and offline health management lines, which were mutually beneficial Where is the healthy offline entrance of Jingdong? At present, Jingdong health "strong" into the field of chronic disease management, and psychiatric specialty as the first starting point At present, Jingdong health has signed 8 psychiatric hospitals, including Tianjin Anding Hospital, etc., to establish a psychiatric medical association Tianjin Anding Hospital ranks first in the number of outpatients in the national psychiatric hospital, with nearly 2000 outpatients per day The goal of JD health is to first manage the health of its 300 million users "In the past, JD health is a medical e-commerce If we can't do full cycle health management for customers, we can't become a health company.".
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.