Acquisition China Distribution E-Commerce Finance Hangzhou Healthcare Internet Medicine Pharmaceutical Retail Revenue Technology
Ridgetech, Inc., a prominent wholesale distributor of pharmaceutical and healthcare products in China, released its latest fiscal year financial results for the period ending March 31, 2026. Frank Zhao, the Interim Chief Executive Officer and Chief Financial Officer of Ridgetech, highlighted the company’s strategic shift towards a wholesale-focused business model. This change involved the acquisition of Allright (Hangzhou) Internet Technology Co. Ltd and the divestiture of the retail drugstore business, enhancing Ridgetech’s position in both online and offline distribution. The fiscal report indicated significant growth in revenue, rising by 10.2% year over year to $132.2 million, driven primarily by Allright’s…
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