Daoyao.com, the online drugstore branch of Shanghai Fosun Pharmaceutical, has announced that the company has reached an agreement with the third party payment platform 99bill.com to jointly develop the online drugstore sector.
According to this agreement, 99bill.com will become the preferential payment platform for Daoyao.com and the two companies will establish a standard online drugstore for consumers with convenient medicine search and purchase services.
As one of the nine authorized online drugstores in China, Daoyao.com not only offers various over the counter medicines, but also sells other medical-related products, including health food, beauty products, herbal products, and medical instruments. After finishing the selection of goods, consumers can click to enter the payment system and pay through 99bill.com's platform with such methods as bank cards and 99bill.com account.
Daoyao.com says that only if the online drugstore can provide the consumers with convenient, low-priced, and effective services and make customers the focus of these services, can it continue to perform well.
Guan Guoguang, CEO of 99bill.com, said that online shopping has become a lifestyle for the busy city people and even medicines –products that are strictly controlled by the state — have been included in the shopping categories of the Internet. With the goal of making e-payment a part of people's life, 99bill.com's entry into the medical sector is another step towards this target. He added that 99bill.com is planning to offer more value added payment services.
To date 99bill.com has launched various payment services, cooperating with corporations that include NetEase.com, Sohu.com, Baidu.com, Dangdang.com, and Gome. As at September 30, 2008, the Internet company had over 28 million registered users.