Guangzhou Pharmaceuticals

For the football club once sponsored by this company, see Guangzhou Evergrande F.C.

Guangzhou Pharmaceuticals Corporation (广州医药集团) is a pharmaceutical wholesaling and distribution company headquartered in Guangzhou, China, and a 50:50 joint venture between Walgreens Boots Alliance and Guangzhou Pharmaceutical Holdings Limited. It is the third-largest pharmaceutical wholesaler in China measured by revenues.^[1]

Guangzhou Pharmaceuticals Corporation

Company type	Joint venture
Industry	Pharmaceuticals
Founded	1951 (1951) (foundation) 2008 (2008) (as a joint venture with Alliance Boots)
Headquarters	Guangzhou, Guangdong , China
Area served	China
Key people	Jinghui Yu (President)
Revenue	RMB 16.9 billion
Owner	Walgreens Boots Alliance (50%) Guangzhou Pharmaceutical Holdings (50%)
Website	www.gzmpc.com/index_en.php

Guangzhou Pharmaceuticals wholesales prescription drugs, over-the-counter drugs, medical devices, chemical reagents, experiment equipment and glass wares.^[2]

History

Guangzhou Pharmaceuticals Corporation was founded in 1951. In January 2007 Alliance Boots agreed to acquire a 50 percent interest in Guangzhou Pharmaceuticals Corporation for £38 million, making it a 50:50 joint venture with Guangzhou Pharmaceutical Co., Ltd.^[3]

References

1. "Chinese joint venture for Boots". BBC News. 29 January 2007. Retrieved 23 March 2013.
2. "Company Overview of Guangzhou Pharmaceutical Corporation Limited". Bloomberg Businessweek. Archived from the original on April 10, 2013. Retrieved 23 March 2013.
3. "Alliance Boots in joint venture to enter China". Reuters. 29 January 2007. Archived from the original on March 6, 2016. Retrieved 23 March 2013.

External links

• Guangzhou Pharmaceuticals