Pay close attention to the new demands of the Maternal and Infant industry, Fosun Pharma further enhances the planning in the healthcare industry
[May 14th 2018, Shanghai] Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (“Fosun Pharma”, stock code: 600196.SH, 02196.HK) and its subsidiary, Wanbang Cloud Health Technology Co.,Ltd. (“Wanbang Cloud Health”) jointly cooperate with Shanghai Fosun Health Industrial Holdings Co., Ltd. (“SFHIH”) signed a Joint Venture Agreement with the subsidiary of Baby Tree Company, planning to jointly invest in the establishment of Shanghai Xingbao Zhikang Technology Co., Ltd. (tentative name “New Company”).
At present, China's household consumption has been escalating and the neonatal population is in a policy-oriented increased dividend period. The post 80s and 90s who got married and pregnant become the main consumers in Maternal and Infant industry. With the upgrading of consumption concept and scientific childcare deeply rooting in mind, the market scale of Maternal and Infant consumption is becoming bigger and the services are becoming various, with a vast space for innovation. New brands with deep dedication of user needs and focus on professional quality have been given new opportunities.
Fosun Pharma, Wanbang Cloud Health and related parties will each utilize their respective resources and professional advantages upon the establishment of the new company. They will specialize in the Maternal and Infant industry driven by upgrade of household consumption and further satisfy the professional knowledge and service of maternity and parenting needed by the young families in China and enhance the Group’s massive healthy industry planning.
About Baby Tree
As a leading maternal- and baby-oriented family service platform in China, Babytree’s vision is to organize and deliver world’s parenting wisdom via the Internet and other means, to precisely meet young Chinese parents’ four core demands in learning knowledge, communicating, recording and shopping through the form of membership club. Thus raise a Babytree generation of mentally and physically healthy, loving and caring, intelligent, and courageous babies! Babytree’s operations cover online community, commercial services (including merchandise, pay-for-knowledge, fashion, finance, travelling and so on), and Big Health. With its website babytree.com, Babytree Pregnancy app, Babytree WeTime app, and other online products, Babytree’s maternal- and baby-oriented family service platform has become a crucial portal to Chinese families.
At present, China's household consumption has been escalating and the neonatal population is in a policy-oriented increased dividend period. The post 80s and 90s who got married and pregnant become the main consumers in Maternal and Infant industry. With the upgrading of consumption concept and scientific childcare deeply rooting in mind, the market scale of Maternal and Infant consumption is becoming bigger and the services are becoming various, with a vast space for innovation. New brands with deep dedication of user needs and focus on professional quality have been given new opportunities.
Fosun Pharma, Wanbang Cloud Health and related parties will each utilize their respective resources and professional advantages upon the establishment of the new company. They will specialize in the Maternal and Infant industry driven by upgrade of household consumption and further satisfy the professional knowledge and service of maternity and parenting needed by the young families in China and enhance the Group’s massive healthy industry planning.
About Baby Tree
As a leading maternal- and baby-oriented family service platform in China, Babytree’s vision is to organize and deliver world’s parenting wisdom via the Internet and other means, to precisely meet young Chinese parents’ four core demands in learning knowledge, communicating, recording and shopping through the form of membership club. Thus raise a Babytree generation of mentally and physically healthy, loving and caring, intelligent, and courageous babies! Babytree’s operations cover online community, commercial services (including merchandise, pay-for-knowledge, fashion, finance, travelling and so on), and Big Health. With its website babytree.com, Babytree Pregnancy app, Babytree WeTime app, and other online products, Babytree’s maternal- and baby-oriented family service platform has become a crucial portal to Chinese families.