2008 (as a joint venture with Alliance Boots)
|Headquarters||Guangzhou, Guangdong, China|
|Jinghui Yu (President)|
|Revenue||RMB 16.9 billion|
|Owner||Walgreens Boots Alliance (50%)
Guangzhou Pharmaceutical Holdings (50%)
Guangzhou Pharmaceuticals Corporation is a pharmaceutical wholesaling and distribution company headquartered in Guangzhou, China, and a 50:50 joint venture between Walgreens Boots Alliance and Guangzhou Pharmaceutical Holdings Limited. It is the third-largest pharmaceutical wholesaler in China measured by revenues.
Guangzhou Pharmaceuticals wholesales prescription drugs, over-the-counter drugs, medical devices, chemical reagents, experiment equipment and glass wares.
Guangzhou Pharmaceuticals Corporation was founded in 1951. In January 2007 Alliance Boots agreed to acquire a 50 percent interest in Guangzhou Pharmaceuticals Corporation for £38 million, making it a 50:50 joint venture with Guangzhou Pharmaceutical Co., Ltd.
- "Chinese joint venture for Boots". BBC News. 29 January 2007. Retrieved 23 March 2013.
- "Company Overview of Guangzhou Pharmaceutical Corporation Limited". Bloomberg Businessweek. Retrieved 23 March 2013.
- "Alliance Boots in joint venture to enter China". Reuters. 29 January 2007. Retrieved 23 March 2013.
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