This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China Jo-Jo Drugstores Announces New Store Openings In Shanghai And Hangzhou

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) (the “Company”), a retail pharmacy chain in Zhejiang and Shanghai, today announced two new store openings in Shanghai and Hangzhou, increasing the Company’s total store count to 61. Three additional stores are planned to be opened in Hangzhou by mid-2012.

“We continue to implement our plans of opening new stores in premium locations and providing excellent, customized services to customers with increasing healthcare needs,” says Mr. Lei Liu, Chairman and CEO of China Jo-Jo Drugstores. “The new store in Shanghai and Hangzhou will further strengthen our dominant position in Hangzhou and increase our foothold in Shanghai, China’s wealthiest city. We plan to open more stores in Shanghai and Zhejiang in the future while remaining focused on our overall vertical integration strategy.”

The newly opened stores are:
  1. Zhejiang Jiuying Grand Pharmacy in Hangzhou: The 110 square-meter, or 1,184 square feet, store opened in March. The Company plans to open three additional stores under the Jiuying Drugstore or Jiuying Grand Pharmacy brand in Hangzhou later this year. The Jiuying store brand is wholly owned by the Company.
  2. Lydia Grand Pharmacy in Taopu Road, Shanghai. The 160 square-meter, or 1,722 square-feet, store opened in March, bringing the total number of stores that the Company now operates in Shanghai to three.

Photographs of these stores are posted on our website at

In addition to the new stores, the Company now has over 800,000 members enrolled in its loyalty program, and anticipates that its revenue should increase this year as new stores are added and existing stores become eligible to accept government-insured costumers.

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc. primarily operates a retail pharmacy chain in Zhejiang and Shanghai, offering both western and traditional Chinese medicine, including prescription and over-the-counter drugs, sundries, nutritional supplements and medical devices. China Jo-Jo Drugstores also provides on-site physician consulting.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs