China Jo-Jo Drugstores Reports Spike in Retail Sales Transactions Driven By Alipay and WeChat Mobile Payment Platform Growth in China

HANGZHOU, China, Feb. 18, 2016 /PRNewswire/ — China Jo-Jo Drugstores, Inc. (NASDAQ CM: CJJD) (the “Company” or “China Jo-Jo”), a leading China-based pharmacy with retail, wholesale and online distribution of pharmaceutical and health care products, today announced sequential Q3 Alipay mobile transactions grew 84% while sequential traditional payment transactions such as City Health Insurance payment transactions grew 27% respectively versus Q2 of this fiscal 2016 year.


Drugstore sales impacted by WeChat and AliPay.

Fearing a China Crisis? Not So Fast…

2016 is off to a very rocky start where the markets are concerned. It all began in China a couple of weeks ago, when I was in the country for the Wharton School visiting government, business and


China’s economy is impacted differently than the U.S. & Europe when it comes to stock market fluctuations.