111 Named "National High-tech Enterprise" by the Government
111, Inc. - American Depositary Shares (YI)
Company Research
Source: PR Newswire
SHANGHAI, Dec. 31, 2019 /PRNewswire/ -- China's Ministry of Science and Technology has named 111, Inc. (NASDAQ: YI) ("111" or the "Company") a "National High-tech Enterprise", the Company announced today. The designation is one of the highest awards for Chinese technology companies and makes 111 eligible for government benefits as a strategic high-technology company. The designation is also a recognition of 111's depth of talent, technological expertise, and innovative role in China's pharmaceutical and healthcare sector.Smart retailing driven by advanced digital technologyCurrently, 111's largest investment focus is to create a world-leading IT infrastructure, data analytics and business smart systems and is reflected in its continuing investment in R&D, as demonstrated by the Company's allocation of capital. 111 has an R&D team of over 300 people, which has developed proprietary applications, including client relationship management (CRM) systems, data analytics solutions, precision
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- 8/29/24 - Form 6-K
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