Tencent-backed Laobaixing may merge with Yixintang to create China's largest pharma chain

Tencent-backed Laobaixing may merge with Yixintang to create China's largest pharma chain

Medical drugs in a pharmacy. Credit: Flickr/epSos .de

China’s Laobaixing and Yixintang Pharmaceutical Group Co Ltd are in advanced talks to create the country’s biggest drugstore chain via a share swap, three people familiar with the matter said.