Yhd sees healthy future in online OTC sales
By Meng Jing | China Daily | Updated: 2014-08-21 07:12
Analysts: Pharmaceutical retailers may face technology-driven shakeup
Yhd.com, a Shanghai-based online supermarket controlled by Wal-Mart Stores Inc, has been given permission by China's Food and Drug Administration to sell over-the-counter medicines online, a first in the nation.
The FDA in late July included Yhd.com in an online medicine retail pilot project. With the license, all the third-party pharmaceutical retailers that have set up online shops on the company's website are allowed to sell medicines directly to consumers.
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