Jointown Pharmaceutical Group Co., Ltd. (Chinese: 九州通医药集团) is a publicly traded multinational healthcare services company. By revenue, it is the largest medical company in China that is not state-owned. It is also the 3rd largest overall. Its global headquarters are in Wuhan, China and its international headquarters are in Los Angeles, California. The company specializes in the distribution of pharmaceuticals and medical products, distributing more than 510,000 products.[2] The company also manufactures products, including gloves, surgical masks, medical equipment and medications.[3] In addition, it operates the largest network of medical warehouses in China. It is one of the largest in the world, at over 44 million square feet (4.1 million square meters).[4] The company has over 400 subsidiaries and provides medical products to all 31 provinces in mainland China.
Founded in 1985 as Swan Pharmaceutical Wholesale (Chinese: 天鹅医药批发部) by Liu Baolin,[5] the company was initially a one-person store that sold medical products in the rural area of Yingcheng, Hubei. A couple of years later, the company moved to Wuhan, the capital city of Hubei and the largest city in Central China.
In 1990, the company expanded outside Hubei and started Qiongying Pharmaceutical Trading in Hainan province.
On March 28, 2000, the 25th anniversary of Swan Pharmaceutical Wholesale, Liu Baolin merged and restructured his companies and officially founded Jointown Pharmaceutical Group.
In 2001, Jointown started operations in Beijing, Henan and Xinjiang. In 2002, Jointown expanded to China's largest city Shanghai. In 2003, Jointown founded its subsidiary in the most populous Chinese province Guangdong. In 2004, Jointown Shandong was founded. In 2005, Jointown Fujian was founded. In 2017, Jointown began in Jiangsu and Chongqing It also received an investment of US$60 million in the same year and started its medical equipment business sector. In 2008, Jointown Jiangxi and Lanzhou were first opened. In 2009, Jointown founded Liaoning and Inner Mongolia subdivisions, reaching the milestone of covering 80% of China's administrative division.
In 2016, Jointown started to explore the overseas market and opened its first facility outside China in City of Industry, CA, US under the name of Jointown International, which later expanded to New York and Chicago. In 2018, Jointown acquired a New York pharmacy chain Starside Drugs that mainly operates in Queens.
In 2020, during the outbreak of COVID-19, Jointown was a first responder in both China and the US.[6][7] The company worked 24/7 globally to ensure the supply of PPE and helped stabilize the PPE market. Jointown brand face mask was the best selling item on Amazon in the US for several consecutive months. The company became the 3rd largest medical distributor in China and ranked 93rd on Fortune 500 China.[8] In 2021, Jointown reached an annual revenue of CN￥122.407 billion[9] (US$18.8 billion[10]).
In 2022, Jointown founded its global e-commerce platform JK.com, Inc. in Long Island City, New York.
Between 2010 and 2021, Jointown has maintained an annual revenue increase rate of at least 20%.
Locations
Asia
Jointown operates in all 31 provincial level municipalities in China and 158 cities. It serves 95% land area of China.
North America
Jointown International Headquarters in Los Angeles
Jointown has offices and warehouses in Los Angeles, New York and Chicago.
For the fiscal year 2021, Jointown reported an annual revenue of CN￥122.407 billion (US$18.8 billion). increase of 10.41% over the previous fiscal cycle.[11] Jointown's stocks traded at CN￥12.15 per share, and its market capitalization was valued at over CN￥22.66 billion in June 2022.[12]
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March 04, 2023
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This article may require copy editing for grammar style cohesion tone or spelling You can assist by editing it June 2022 Learn how and when to remove this template message Jointown Pharmaceutical Group Co Ltd Chinese 九州通医药集团 is a publicly traded multinational healthcare services company By revenue it is the largest medical company in China that is not state owned It is also the 3rd largest overall Its global headquarters are in Wuhan China and its international headquarters are in Los Angeles California The company specializes in the distribution of pharmaceuticals and medical products distributing more than 510 000 products 2 The company also manufactures products including gloves surgical masks medical equipment and medications 3 In addition it operates the largest network of medical warehouses in China It is one of the largest in the world at over 44 million square feet 4 1 million square meters 4 The company has over 400 subsidiaries and provides medical products to all 31 provinces in mainland China Jointown Pharmaceutical Group Co Ltd Global headquarters The tallest white building TypePublicTraded asSHA 600998IndustryHealthcareFounded2000FounderLiu BaolinHeadquartersWuhan ChinaArea servedWorldwideKey peopleLiu Baolin Founder amp Honorable President Liu Zhaonian Co Founder Liu Shulin Co Founder Liu Changyun President amp CEO ProductsMedical and pharmaceutical products and servicesRevenueUS 18 8 billion 2021 Number of employees29338 1 Websitewww wbr jztey wbr com Contents 1 History 2 Locations 3 Business Sectors 4 Finances 5 ReferencesHistory EditFounded in 1985 as Swan Pharmaceutical Wholesale Chinese 天鹅医药批发部 by Liu Baolin 5 the company was initially a one person store that sold medical products in the rural area of Yingcheng Hubei A couple of years later the company moved to Wuhan the capital city of Hubei and the largest city in Central China In 1990 the company expanded outside Hubei and started Qiongying Pharmaceutical Trading in Hainan province On March 28 2000 the 25th anniversary of Swan Pharmaceutical Wholesale Liu Baolin merged and restructured his companies and officially founded Jointown Pharmaceutical Group In 2001 Jointown started operations in Beijing Henan and Xinjiang In 2002 Jointown expanded to China s largest city Shanghai In 2003 Jointown founded its subsidiary in the most populous Chinese province Guangdong In 2004 Jointown Shandong was founded In 2005 Jointown Fujian was founded In 2017 Jointown began in Jiangsu and Chongqing It also received an investment of US 60 million in the same year and started its medical equipment business sector In 2008 Jointown Jiangxi and Lanzhou were first opened In 2009 Jointown founded Liaoning and Inner Mongolia subdivisions reaching the milestone of covering 80 of China s administrative division The company went public on the Shanghai Stock Exchange in 2010 In 2016 Jointown started to explore the overseas market and opened its first facility outside China in City of Industry CA US under the name of Jointown International which later expanded to New York and Chicago In 2018 Jointown acquired a New York pharmacy chain Starside Drugs that mainly operates in Queens In 2020 during the outbreak of COVID 19 Jointown was a first responder in both China and the US 6 7 The company worked 24 7 globally to ensure the supply of PPE and helped stabilize the PPE market Jointown brand face mask was the best selling item on Amazon in the US for several consecutive months The company became the 3rd largest medical distributor in China and ranked 93rd on Fortune 500 China 8 In 2021 Jointown reached an annual revenue of CN 122 407 billion 9 US 18 8 billion 10 In 2022 Jointown founded its global e commerce platform JK com Inc in Long Island City New York Between 2010 and 2021 Jointown has maintained an annual revenue increase rate of at least 20 Locations EditAsiaJointown operates in all 31 provincial level municipalities in China and 158 cities It serves 95 land area of China North America Jointown International Headquarters in Los Angeles Jointown has offices and warehouses in Los Angeles New York and Chicago EuropeJointown has operation in Frankfurt Germany OceaniaJointown has operation in Malborne Australia Business Sectors EditPharmaceuticalMedical DevicesMedical SuppliesPharmacyBusiness to Business Wholesale E CommerceBusiness to Consumer Retail E Commerce3rd Party LogisticsFinances EditFor the fiscal year 2021 Jointown reported an annual revenue of CN 122 407 billion US 18 8 billion increase of 10 41 over the previous fiscal cycle 11 Jointown s stocks traded at CN 12 15 per share and its market capitalization was valued at over CN 22 66 billion in June 2022 12 Year Revenue in bil CNY Revenue in bil USD 2009 19 2 92010 21 3 3 32011 24 8 3 82012 29 5 4 52013 33 4 5 12014 44 1 6 82015 49 6 7 62016 61 6 9 52017 73 9 11 42018 87 1 13 42019 99 5 15 32020 110 8 17 02021 122 4 18 8References Edit Jointown Pharmaceutical Group Co Ltd bloomberg com Retrieved June 28 2022 集团概况 www jztey com Retrieved 2022 06 28 Jointown Pharmaceutical Group Co Ltd www reuters com Retrieved 2022 06 28 About JoinTown www jztey com Retrieved 2022 06 28 Liu Baolin Forbes Retrieved 2022 06 28 协助武汉红会管理物资 九州通要这么做 亿欧 www iyiou com Retrieved 2022 06 28 九州通 昨起协助武汉市红十字会进行仓储运营管理 提高效率 战疫 澎湃新闻 The Paper www thepaper cn Retrieved 2022 06 28 2020年 财富 中国500强排行榜 财富中文网 in Chinese China Retrieved 2022 06 28 九州通营收超1200亿再创新高 数字化转型成效已现未来可期 服务 企业 客户 www sohu com Retrieved 2022 06 28 Jointown Pharmaceutical Group Forbes Retrieved 2022 06 28 九州通全年营收超1200亿 持续推进数字化战略升级 长江商报 m changjiangtimes com Retrieved 2022 06 28 Jointown Pharmaceutical Group Co Ltd 600998 Stock Price amp News Google Finance www google com Retrieved 2022 06 28 Retrieved from https en wikipedia org w index php title Jointown Pharmaceutical Group amp oldid 1134528717, wikipedia, wiki, book, books, library,
