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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2019
ORGANIZATION AND PRINCIPAL ACTIVITIES  
Schedule of subsidiaries

As of December 31, 2019, the Group operates its business mainly through the following subsidiaries:

Name of subsidiaries

    

Date of 
incorporation/
establishment

    

Place of
incorporation/
establishment

    

Percentage of
shareholdings

    

Principal activities

Yao Wang Corporation Limited ("Yao Wang")

 

June 4, 2013

 

Hong Kong

 

100%

 

Investment holding

Yaofang Information Technology (Shanghai) Co., Ltd ("Yaofang" or "WFOE")

 

August 12, 2013

 

Shanghai

 

100%

 

Warehousing, logistics, research and development, and consulting

Guangdong Yihao Pharmacy Co., Ltd. ("Yihao Pharmacy")

 

March 7, 2003

 

Guangdong

 

VIE

 

Warehousing, logistics and procurement

Guangdong Yihao Pharmaceutical Chain Co., Ltd. ("Yihao Pharmaceutical Chain")

 

November 1, 2001

 

Guangdong

 

VIE

 

Retail

Shanghai Yaowang E-commerce Co., Ltd. ("Shanghai Yaowang")

 

January 15, 2013

 

Shanghai

 

VIE

 

Electronic Commerce

Chengdu Yihao Pharmacy Co., Ltd. ("Chengdu Yihao Pharmacy")

 

August 22, 2017

 

Chengdu

 

VIE’s subsidiary

 

Retail

Anshun Southwest Internet Hospital Co., Ltd ("Southwest Internet Hospital" )

 

July 5, 2016

 

Anshun

 

VIE’s subsidiary

 

Internet hospital business

Anshun Joint Diagnosis And Treatment Technology Co., Ltd ("Anshun Technology" )

 

February 8, 2017

 

Anshun

 

VIE’s subsidiary

 

Internet hospital business

Wuhan Central China Drug Trading Co., Ltd. ("Wuhan Huazhong")

 

August 5, 2015

 

Wuhan

 

70%

 

Software development and information technology support

Chongqing Yihao Pharmacy Co., Ltd.("Chongqing Yihao Pharmacy")

 

May 18, 2018

 

Chongqing

 

WFOE’s subsidiary

 

Warehousing and logistics

Tianjin Yihao Pharmacy Co., Ltd. ("Tianjin Yihao Pharmacy")

 

June 20, 2018

 

Tianjin

 

VIE's subsidiary

 

Warehousing and logistics

Kunshan Yifang Pharmacy Co., Ltd. ("Kunshan Yifang Pharmacy")

 

July 30, 2018

 

Kunshan

 

VIE's subsidiary

 

Warehousing and logistics

Hubei Yihao Pharmacy Co., Ltd

(“Hubei Yihao Pharmacy”)

 

Aug 31, 2019

 

Wuhuan

 

WFOE's subsidiary

 

Warehousing and logistics

Fujian Yaofang Pharmacy Co.,Ltd

(“Fujian Yaofang Pharmacy”)

 

Aug 13, 2019

 

Fuzhou

 

WFOE's subsidiary

 

Warehousing and logistics