China 2015: BRAND PROFILE | 43. Tong Ren Tang
Tong Ren Tang launched an online medicine store during 2014, selling Tong Ren Tang over-the-counter medicines and cosmetics. It also introduced a wine with health improving qualities.
In addition, the brand increased its presence in Hong Kong by purchasing a 50 percent stake in Yaokang International, a medical center. Through a new subsidiary, Tong Ren Tang accelerated international expansion and operated 64 retail stores in 16 countries, during the first half of 2014, with plans to expand significantly in the United States and Europe. Tong Ren Tang has more than 1,500 pharmacies.
Net income increased 15 percent to $69 million, in the first half of 2014, on a 9 percent rise in revenue to $833 million. For the full year 2013, net income rose 18 percent to $107 million on revenue of $1.4 billion, a 19 percent rise.