# Beijing Fufang Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-fufang-technology-co

- Industry: Healthcare
- Headquarters: Beijing, China
- Website: www.fu-fang.com
- Latest round: Series A (May 1, 2016)
- Investors on record: 2

## About

Beijing Fufang Technology Co., Ltd. specializes in integrated digital solutions for the pharmaceutical sector, focusing on enhancing interactions between drug manufacturers, pharmacies, and healthcare providers through its smart pharmacy alliance platform.Founded in 2014, Beijing Fufang Technology Co., Ltd. is located in Beijing, China. The company focuses on providing digital solutions specifically for the pharmaceutical industry. In May 2016, it raised Series A funding from Hillhouse Capital Management and Crystal Stream, although the financial terms were not disclosed. The company has completed two deals to date.Beijing Fufang Technology Co., Ltd. specializes in providing integrated digital solutions tailored for the pharmaceutical industry. The core offerings include a comprehensive smart pharmacy alliance platform designed to enhance precision marketing for pharmaceutical enterprises. This platform facilitates efficient interactions between drug manufacturers, pharmacies, and healthcare providers, ultimately aiming to optimize medication management and improve patient care outcomes. The solutions address various use cases, such as inventory management, customer engagement, and data analytics, streamlining pharmacy operations and enabling informed decision-making. Fufang Technology serves a diverse clientele that includes pharmaceutical companies and retail pharmacies across various regions in China, enhancing their operational capabilities and market reach.Fufang Technology generates revenue primarily through its subscription-based model, partnering with pharmaceutical companies and pharmacies. Clients engage in contractual agreements where they subscribe to the smart pharmacy alliance platform, gaining access to services that enhance their operational efficiencies. The company’s revenue structure may also include partnerships with healthcare providers for additional services that complement its core offerings. Pricing plans cater to the unique needs of each client, ensuring scalability and flexibility in services provided. Their flagship products include proprietary smart pharmacy management software, integral to their revenue generation strategy.Beijing Fufang Technology Co., Ltd. is focused on enhancing its offerings with new product developments and expanding its market presence. The company is in the process of designing upcoming features for its smart pharmacy platform, with plans for rollout in the near future. On the expansion front, Fufang Technology aims to enter additional markets within Asia, targeting countries such as Japan and South Korea by 2025. The Series A funding raised in May 2016 will be utilized to support these initiatives, although specific financial allocations have not been disclosed.

## Funding rounds

- Series A, May 1, 2016 — Hillhouse Investment, Crystal Stream
- Angel, May 1, 2015 — Crystal Stream

## Investors

- Crystal Stream (https://capitalatlas.ai/funds/crystal-stream) — Angel, Series A
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series A