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Yaobili set to change China's pharmaceutical industry with new model

Company connects pharmacies with consumers so drugs can be dispensed round the clock

Chinese people buy drugs from vending machines and pay for them electronically. (Photo courtesy of Yaobili)

BEIJING -- Yaobili is reshaping China's pharmaceutical industry by offering to connect consumers and pharmacies directly on its platform which can only be accessed via WeChat so that drugs can be ordered and delivered more efficiently.

The company has raised tens of millions of yuan, or millions of U.S. dollars, in a series A round from GGV Capital and He Xiaopeng, founder of Xpeng Motors, a manufacturer of electric vehicles.

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