Jointown Pharmaceutical Group Co., Ltd.

Global headquarters (the tallest white building)
Company type	Public
Traded as	SHA 600998
Industry	Healthcare
Founded	2000
Founder	Liu Baolin
Headquarters	Wuhan, China
Area served	Worldwide
Key people	Liu Baolin (Founder & Honorable President) Liu Zhaonian (Co-Founder) Liu Shulin (Co-Founder) Liu Changyun (President & CEO)
Products	Medical and pharmaceutical products and services
Revenue	US$19.8 billion (2022)
Number of employees	29338 [1]
Website	www.jztey.com

Jointown Pharmaceutical Group Co., Ltd. (Chinese: 九州通医药集团) is a Chinese healthcare services company. It was founded in 1999 and is headquartered in Wuhan, China.^[2] The company is principally engaged in the wholesaling and retailing of pharmaceuticals and medical equipments and its products mainly include western medicines, proprietary Chinese medicines, Chinese medicine pieces, Chinese herbal medicines, medical equipments, health care products, cosmetics, among others. ^[3] Forbes 2023 Global 2000 list put Jointown at number 1732.^[4]

History

The company was founded in 1985 as Swan Pharmaceutical Wholesale (Chinese: 天鹅医药批发部) by Liu Baolin,^[5]

In 2020, during the outbreak of COVID-19, the company became the 3rd largest medical distributor in China and ranked 93rd on Fortune 500 China.^[6] In 2023, Jointown had an annual revenue of US$21.4 billion.^[7]).

Locations

North America

Jointown has an office in Los Angeles.

Finances

For the fiscal year 2021, Jointown reported an annual revenue of CN¥122.407 billion (US$18.8 billion). increase of 10.41% over the previous fiscal cycle.^[8] Jointown's stocks traded at CN¥12.15 per share, and its market capitalization was valued at over CN¥22.66 billion in June 2022.^[9]