One of the biggest pharmacy chains in China
Laobaixing (“LBX”) is one of the largest pharmacy chains in China. Founded in 2001, LBX’s product mix includes Chinese and Western medicines, traditional Chinese medicine, health food, personal care products, etc. By leveraging its strong supply chain, LBX is also involved in drug wholesale through its franchise stores.
As of Q1 2021, LBX operates in 22 provinces in China and has 7,268 stores, of which75% are self-owned and the remainder franchised. The company has clear market leadership in 11 provinces, including Hunan, Shanxi, Zhejiang, and Guangxi.
About LBX Pharmacy
Generated RMB 13.9 billion of sales in the year of 2020
With a membership base of more than 541 million, and type of products exceeds 31,000
As of March 31, 2021, market capitalization has reached >RMB 27 billion