111 Signs Strategic Partnership with TK.CN to Empower Insurance Service
111, Inc. - American Depositary Shares (YI)
Company Research
Source: PR Newswire
SHANGHAI, Aug. 23, 2019 /PRNewswire/ -- 111, Inc. (NASDAQ: YI) ("111" or the "Company"), a leading integrated online and offline healthcare platform, today announced that it has signed a strategic partnership agreement with TK.CN, a wholly-owned subsidiary of Taikang Insurance Group, a Fortune 500 company. Both parties will expand their businesses in online consultation, e-prescription, e-commerce and delivery service, medication cost control, healthcare insurance, and jointly develop a pharmacy benefit management ("PBM") model to address the challenges of access to healthcare services and overly high drug prices in China. This is a key milestone for 111 following its strategic partnerships with Manulife-Sinochem and MSH China in the "Internet Pharmaceutical + Insurance" space.TK.CN has selected 111 as its exclusive Internet healthcare partner and will enable TK.CN to build its online pharmaceutical sales channel and online hospital. The partnership will aim to solve the problem of ac
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