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Dingdang Raises $89 Million for Online Drug Delivery Service

publication date: Mar 28, 2019

Dingdang Medicine Express (Beijing) raised $89 million in a B round for its online-to-offline medication delivery services. The company promises to deliver medications in less than 28 minutes in the ten China cities in which it operates. Dingdang operates its own pharmacies and delivery fleet. The company says it has made 50 million deliveries since the service began in February 2015. The funding was led by SB China Capital, the private equity arm of CICC. China Merchants Bank’s investment vehicle also participated. More details....

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