Molecular Data Inc. Announces the Establishment of its Strategy Advisory Committee
08 May 2020 - 3:00PM
Molecular Data Inc. (“Molecular Data” or the “Company”) (NASDAQ:
MKD), a leading technology-driven platform in China’s chemical
industry, today announced that it has formed a strategy advisory
committee and has appointed Junling Li, former vice president of
Alibaba Group, as the president of such advisory committee.
“Now that we have entered the new strategic
development phase following our initial public offering in December
2019, and now face the ‘new norm’ shaped by COVID-19, we
established the strategy advisory committee to provide advice,
guidance and input on the future development strategies of
Molecular Data,” said Dr. Zheng Wang, Chief Executive Officer and
Director of the Company. “As a leader in China’s chemical
e-commerce industry, we are striving to leverage our technological
advantages in big data and artificial intelligence capabilities to
enhance operating efficiency throughout the chemical industry. We
look forward to working with the internal and external experts in
our strategy advisory committee to grow Molecular Data to the next
level.”
Junling Li is one of the leading figures in
China’s science and technology industry. After graduating from
Stanford University in 1996, he served as a management consultant
at McKinsey & Company and as the director of strategy at
Motorola China. He joined Alibaba Group in 2006 as the vice
president of group strategy.
About Molecular Data Inc.
Molecular Data Inc. is a leading
technology-driven platform in China’s chemical industry, connecting
participants along the chemical value chain through integrated
solutions. The Company delivers e-commerce solutions, financial
solutions, warehousing and logistics solutions, and SaaS suite that
are intended to solve pain points for participants in the
traditional chemical industry. Built upon a comprehensive knowledge
engine and artificial intelligence (AI) capabilities, the Company’s
e-commerce solutions are mainly offered through its online
platform, consisting of molbase.com, molbase.cn, Moku Data Weixin
account, Chemical Community App and other ancillary platforms.
For investor and media inquiries, please
contact:
In China:
Molecular Data Inc.Eva MaTel:
+86-21-5419-9057E-mail: investor@molbase.com
The Piacente Group, Inc.Emilie WuTel:
+86-21-6039-8363E-mail: molbase@tpg-ir.com
In the United States:
The Piacente Group, Inc. Brandi PiacenteTel:
+1-212-481-2050E-mail: molbase@tpg-ir.com
Source: Molbase
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