Daoyao.com, the online drugstore branch of Shanghai Fosun Pharmaceutical, has announced that the company reached an agreement with the third-party Internet payment platform 99bill.com to jointly develop a business in the online drugstore sector.

With this agreement, 99bill.com will become the preferential payment platform for Daoyao.com and the two companies will establish a standard online drugstore for consumers with convenient medicine search and purchasing services. As one of the nine authorized online drugstores in China, Daoyao.com can not only offer various OTC medicines, but also sells other medical-related products, including health food, beauty products, herbal remedies, and medical instruments. After finishing the selection of goods, consumers can click to enter the payment system and pay through 99bill.com's platform with such methods as bank cards or debited money from a 99bill.com account.

Guan Guoguang, CEO of 99bill.com, said that online shopping has become a lifestyle for the busy city people and even medicines, the products that are strictly controlled by the government, have been included in the shopping categories of the Internet. With the goal of making e-payment a part of people's lives, 99bill.com's entry into the medical sector is another step towards its target. In the future, 99bill.com will implement more innovations to further satisfy the varied demands and expectations of consumers.

As a leading third -party payment company in China, 99bill.com has launched various payment services, cooperating with about 180,000 corporations, including NetEase.com, Sohu.com, Baidu.com, Dangdang.com, and Gome. By September 30, 2008, the website claims to have over 28 million registered users in China.