111 Group
Business Services · China · 1K - 5K Employees
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Overview
Headquarters
no.295 Zuchongzhiroad 3-5/f, Shanghai, S...Phone Number
+86 2120536666Website
www.111.com.cnRevenue
$2.1 BillionIndustry
ZI Rank: 1
Signal Type
Mar
Apr
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ZI Rank
2
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About 111 Group
111 Group, founded in 2010, is a leading digital and mobile healthcare platform in China. The company provides comprehensive healthcare services through its online platform, connecting patients with healthcare providers and pharmaceutical products. 111 Group operates both business-to-business and business-to-consumer models in the retail health sector, offering digital solutions for healthcare delivery and management. The company became publicly traded in 2019 and has expanded its presence across Asia and other international markets.Explore more
111 Group Org Chart
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Company Profile Activity
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111 Group is experiencing very low activity levels compared to other companies in the Business Services sector.
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111 Group financials insights
Gather financial insights about 111 Group, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Other Financing Round
$153M
111 Group Tech Stack
A closer look at the technologies used by 111 Group
Most Recent Scoops
Project
111 Group is implementing a decentralized model on the supply side, adding more fulfillment centers, and expanding product selection. The company has established a digital computation mechanism to reduce costs and offer competitive prices. On the demand side, 111 Group is focusing on customer retention through programs like "Growing Together" and AI-powered procurement systems.
Artificial Intelligence, Pricing
Earnings
reported that fulfillment expenses accounted for 2.7% of Q4 net revenues, compared to 2.5% in the prior year. Sales and marketing expenses were 2% of net revenue, down from 4.2% a year earlier, while G&A expenses accounted for 5% of net revenue, up from 2.4% in the previous year.
Earnings, Accounting, Sales, Financial Reporting, Finance, Marketing Operations, Sales Operations
Earnings
reported a cash position of $518.3 million in cash and cash equivalents, restricted cash, and short-term investments as of December 31st. The company achieved its first-ever annual positive operating cash flow.
Earnings, Accounting, Financial Reporting, Finance
Earnings
reported that for full year 2024, total operating expenses decreased 31% to RMB 827.1 million. As a percentage of net revenues, total operating expenses decreased by 230 basis points to 5.7% from 8% a year earlier.
Earnings, Business Intelligence, Analytics & Insights, Accounting, Operating Systems, Financial Reporting, Finance
Project
Artificial Intelligence
111 Group News & Media
111, Inc. Announces Second Quarter 2026 Unaudited Financial Results
Transition from An Asset-Heavy Business Model to An Asset-Light Business Model Ongoing Investment and Adoption of AI Agents Making Workforce Streamlining Possible Net Revenue of Promotional Products (1) Increased by 121% and Gross Profit Rose by 120% Year-over-Year Total Marketplace (MP)...Maine Regulator OKs 800-MW Onshore Wind Project, 111-Mile Transmission Line
State utility commission estimated a $1.8B project cost over 30-year period as five New England states plan process to share power delivery expense.111, Inc. Announces First Quarter 2026 Unaudited Financial Results
Continuing Transition toward a More Asset-Light and Operationally Efficient Business Model Net Revenue of Promotional Products (1) Increased by 70.2% and Gross Profit Rose by 75.0% Year-over-Year Total Marketplace (MP) Service Revenue Increased by 24.7% Year-over-Year Fulfillment Expenses as a Percentage of Revenue Improved by 10 Basis Points Year-over-Year SHANGHAI, June 4, 2026 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company c111, Inc. Announces First Quarter 2026 Unaudited Financial Results
Continuing Transition toward a More Asset-Light and Operationally Efficient Business Model Net Revenue of Promotional Products (1) Increased by 70.2% and Gross Profit Rose by 75.0% Year-over-Year Total Marketplace (MP) Service Revenue Increased by 24.7% Year-over-Year Fulfillment Expenses...
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111 Group, founded in 2010, is a leading digital and mobile healthcare platform in China. The company provides comprehensive healthcare services through its online platform, connecting patients with healthcare providers and pharmaceutical products. 111 Group operates both business-to-business and business-to-consumer models in the retail health sec... Read More
