Brief: China Jo Jo Drugstore forms JV with Shanghai Jianbao Technology
17/03/2015 13:00
March 17 (Reuters) - China Jo-Jo Drugstores Inc CJJD.O : * Jo drugstore forms joint venture with leading Chinese pharmacy benefit management provider * Says through its units, has reached a joint venture agreement with Shanghai jianbao technology co. ltd * Jv requires Shanghai jianbao to direct majority of its online e-pharmacy-card transactions to co's online pharmacy site * Says Shanghai jianbao and jiuzhou pharmacy will hold 65% and 35% of the jv respectively * Jv to consider applying for new online pharmacy license after monthly revenue achieves at least RMB 10 million * Source text for Eikon ID:nPn8QXfv9 * Further company coverage CJJD.O ((Bengaluru Newsroom; +1 646 223 8780))