Online Pharmacy’s Founders Unfazed by Disappointing IPO
The co-founders of one of China’s early e-commerce hits are optimistic that their online drugstore will be the next big thing as the country’s health care market liberalizes, even after their shares dipped on their Nasdaq debut.
Shares of 111 Inc., which operates an online drugstore and clinic, as well as offline pharmacies, closed down 1.43% at $13.80 on its trading debut Wednesday, below its initial public offering (IPO) price of $14.
- 1Opinion: Sacrificing Half the World’s People Undercuts ‘The Wandering Earth’s’ Humanistic Message
- 2Two Large Chinese Borrowers Are Said to Miss Bond Payments
- 3China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 4Holiday Spending Bodes Poorly for China’s Economy This Year
- 5Indebted Chinese Investment Firm Turns to Thai Conglomerate for New Co-Chairman
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas