Molecular Data Inc. deepens its logistics capabilities with renowned player partnership

SHANGHAI, Sept. 13, 2021 /PRNewswire/ -- Molecular Data Inc. (Nasdaq: MKD), a leading technology-driven platform in China's chemical industry, today announced that it has reached a strategic partnership memorandum for a potential transaction, including a stake in a renowned Chinese logistics player with close to a decade of domain expertise.

In 2020, the chemical logistics business surpassed the USD50 billion mark and there are approximately 300,000 trucks being deployed in hazardous materials transportation.

The collaboration will deploy systems to accurately dispatch these trucks and such a strengthened logistics capability will address inadequacies in the transactions, as customers will be able to increase logistics efficiency and reduce costs.

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 WeChat account, Chemical Community APP and other ancillary platforms.

Safe Harbor Statement

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SOURCE Molecular Data Inc.