SHANGHAI, March 5, 2021 /PRNewswire/ -- Molecular Data
Inc. ("Molecular Data" or the "Company") (Nasdaq: MKD), a leading
technology-driven platform in China's chemical industry, today announced
that it has signed a cooperation agreement with Yili Industrial
Group Co., Ltd. ("Yili Group"), China and the world's largest dairy company,
making MKD Laboratory Supplies Mall the designated centralized
procurement platform for Yili Group, its branches and
MKD Lab Supplies Mall is a data-driven one-stop laboratory
supplies e-commerce service platform operating under Molecular
Data. Spot commodities in the mall cover all categories of chemical
reagents, biological reagents, laboratory consumables, and
equipment. It serves scientific research institutions, hospitals,
university laboratories, third-party testing units and production
plants, providing procurement services that include all categories
of reagents and intermediates.
As China's largest dairy
company, Yili Group's catalogue has the most comprehensive and
wide-ranging product categories, alongside advanced and strong
technological innovation and research and development
The cooperation content covers 6 categories spanning 2,000
products, which include various types of chemical reagents,
biochemical reagents, glassware, and consumables.
This collaboration will enable Yili Group to take advantage of
Molecular Data's comprehensive resources to optimize its laboratory
supplies, simplify internal processes and improve procurement
efficiency. The Company will also provide Yili Group with the
highest quality products and services with strict supplier access
standards, efficient response speeds, and advanced digital systems,
empowering Yili Group to better integrate resources, enhance
product research and development, and in turn, propel innovation
across the China's dairy
About Molecular Data Inc.
Molecular Data Inc. is a leading technology-driven platform in
China's chemical industry,
connecting participants along the chemical value chain through
integrated solutions. The Company delivers e-commerce solutions,
financial solutions, warehousing and logistics solutions, and SaaS
suite that are intended to solve pain points for participants in
the traditional chemical industry. Built upon a comprehensive
knowledge engine and artificial intelligence (AI) capabilities, the
Company's e-commerce solutions are mainly offered through its
online platform, consisting of molbase.com,
molbase.cn, Moku Data WeChat account, Chemical Community APP
and other ancillary platforms.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue" or other similar expressions. Among other things, the
quotations from management in this announcement, as well as the
Company's strategic and operational plans, contain forward-looking
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
but not limited to statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a variety
of factors could cause actual results to differ materially from
those contained in any forward-looking statement, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, results of operations and
financial condition; the expected growth of the chemical market;
the Company's ability to monetize the user base; fluctuations in
general economic and business conditions in China; the potential impact of the COVID-19 to
the Company's business operations and the economy in China and elsewhere generally; and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company's
filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and the Company undertakes
no duty to update such information, except as required under
For investor and media inquiries, please contact:
Molecular Data Inc.
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In the United States:
The Piacente Group, Inc.
SOURCE Molecular Data Inc.