111, Inc. Asset Profile

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Year established

2010

Location

Shanghai China

Primary Industry

Pharmaceuticals

About

Founded in 2010 and based in Shanghai, China, 111, Inc. operates an online marketplace for medical and pharmaceutical products. Yu Gang, the company's co-founder and executive chairman, Former VP of Global Procurement at Dell and VP of Global Supply Chain at Amazon. The company's co-founder, Chairman and CEO, Mr. Junling Liu, was previously Global Vice President of Dell, President of Dell China and Hong Kong, and President of Avaya China. The company's main business is the sales of Chinese and Western medicines, pharmaceutical and personal care products, adult products and healthcare products. In addition, it provides users with services such as easy medical consultation, health encyclopedia, thematic shopping guide for drugs, nutritional matching suggestions, etc. It also provides users with services such as online payment and cash-on-delivery through a combination of online and offline marketing model.

Current Investors

BVCF Capital, Verlinvest, Dangdai Group

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Primary Industry

Pharmaceuticals

Sub Industries

Pharmaceuticals

Website

www.111.com.cn

Verticals

E-commerce, Mobile Apps

Company Stage

Mature

Total Amount Raised

Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Dec 2016

873,837,000

(364,280,000)

(41.7%)

(352,220,000)

(40.3%)

(363,446,000)

(41.6%)

31 Dec 2017

959,486,000

9.8%

(254,022,000)

(26.5%)

(239,202,000)

(24.9%)

(249,327,000)

(26%)

31 Dec 2018

1,785,970,000

86.1%

(400,375,000)

(22.4%)

(389,109,000)

(21.8%)

(382,041,000)

(21.4%)

31 Dec 2019

3,952,053,000

121.3%

(493,513,000)

(12.5%)

(481,845,000)

(12.2%)

(501,827,000)

(12.7%)

31 Dec 2020

31 Dec 2021

31 Dec 2022

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