On Nov. 20, Deloitte's 2018 China Technology Fast 50 & Rising Star report was released. Dingdang Medicine Express and Bugbank, two portfolio companies of SBCVC, were ranked among Top 50 companies due to their rapid growth.
This selection was hosted by Deloitte and focused on the companies worldwide. It originated in Silicon Valley, United States in 1995 and has been held in more than 30 countries throughout the past over 20 years. Tech giants such as Apple, Google, Tencent and Baidu have all been included in the list. The selection is one of the itative events that also have investment guidance values in the world.
The selection adopted very strict criteria with the growth rate of cumulative operating income for three consecutive years as the measurement. The qualified top 50 Chinese companies from various industries across the country must also have independent intellectual property rights or proprietary technologies that have brought significant revenue to the companies.
Dingdang Medicine Express
Yang Wenlong, Founder and Chairman of Dingdang Medicine Express, participated in the round table panel during the awarding event
Xu Ning, CFO of Dingdang Medicine Express, received the award at the ceremony
By virtue of its self-operated pharmacies and delivery system, Dingdang Medicine Express first introduced the idea of “direct supply, online order and store delivery”, creating a new medicine retail mode of online-offline integrated operation, which has completely changed the traditional medicine purchasing habits of the consumers, innovatively solved the “last mile” problem, and ensured the uninterrupted supply of the medicine. This is why Dingdang Medicine Express was listed as one of the Top 50 companies. The user can place an order through the mobile APP and enjoy the “28-minute delivery, 7*24 hours”. Furthermore, the fast growth of Dingdang Medicine Express is also amazing: in the past three years, its revenue growth rate has reached an average of more than 100% per year. At present, it has nearly 200 offline pharmacies in Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu and Hangzhou, providing services for more than 32 million online users.
The rapid development of Dingdang Medicine Express has gained wide recognition in the industry. In the past month, Dingdang Medicine Express has won awards of“2018 Leading Company of Medicine New Retail & Big Data”, and “2018 Top 10 Innovators of Medicine Logistics Industry”. It also won the title of “2018 Top 10 Outstanding China Makers” during the World Internet Conference held in Wuzhen.
Luo Qinglan, CEO of Bugbank, poses at the awarding ceremony
Shanghai Moule Network Technology Co., Ltd. (Bugbank), another portfolio of SBCVC, was also listed as one of the Top 50 for its rapid growth.
Bugbank was one of the few network security companies on the list. Since its establishment, the company has taken a great leap forward in growth, which was significantly benefited by the company’s effective grasp of the industry outlook and its own strength improvement. At the vanguard of a new trend, Bugbank is the first to propose a new concept of “Open Security” to further promote the development and upgrade of the industry and to launch a series of strategies to deploy its independent innovative products.
Bugbank has always been taking technological innovation as its core development drive. Adhering to its core development value and vigorously improving its technical service capabilities, Bugbank has successfully provided network security support for major state-level conferences such as the Shanghai Cooperation Organization Summit, the 19th National Congress and the China International Import Expo, and its security technology and service capabilities have been unanimously recognized. In order to effectively expand the scope of service for users' network security, Bugbank has successively reached strategic cooperation with Shanghai Cyberspace Administration and Alliance of Universities, making its technological and service influence penetrated into users so as to further enhance its brand influence.