Chinese medicine group expanding
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Traditional Chinese medicine brand Tong Ren Tang has accelerated its overseas expansion, opening nine stores abroad last year.
It has developed 31 branches in 25 countries and regions, has 115 retail sites, clinics and health centers, and served more than 30 million patients.
Beijing Tong Ren Tang Group chairman Mei Qun says there have been three steps in its international development: in 1993, it started its overseas development in Hong Kong; in 2003, it established Beijing Tong Ren Tang International in Hong Kong; and in 2013, Beijing Tong Ren Tang Chinese Medicine was listed in Hong Kong and started developing in major European markets.
Group deputy-GM Ding Yongling says the group opened nine new stores last year in six countries and regions, including Hong Kong. Apart from Chinese medicine stores, the group also developed Chinese medicine clinics and health centres overseas.
Questions & Answers
Q.How many new stores did Tong Ren Tang open last year and where were they located?
How many new stores did Tong Ren Tang open last year and where were they located?
The group opened nine new stores last year. These were established in six countries and regions, including Hong Kong, as part of their accelerated overseas expansion efforts.
Q.What types of overseas facilities does Tong Ren Tang operate in addition to retail stores?
What types of overseas facilities does Tong Ren Tang operate in addition to retail stores?
Beyond their Chinese medicine retail stores, Tong Ren Tang also operates Chinese medicine clinics and health centres internationally. They currently have 115 such retail sites, clinics, and health centres combined.
Q.When did Tong Ren Tang begin its expansion into major European markets?
When did Tong Ren Tang begin its expansion into major European markets?
Tong Ren Tang began developing in major European markets in 2013. This followed the listing of Beijing Tong Ren Tang Chinese Medicine in Hong Kong that same year, marking the third step in their international development strategy.
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