Molecular Data Inc. named one of top 30 outstanding enterprises in China's Industrial Internet industry

Rhea-AI Summary

Molecular Data Inc. (Nasdaq: MKD) has been recognized as one of the top 30 outstanding enterprises in China's Industrial Internet sector during the 2021 China Industrial Internet Annual Conference held in Beijing. The selection process evaluated nearly 60 companies across various criteria to determine the most representative entities in the industry. Molecular Data's platform provides integrated solutions in e-commerce, finance, warehousing, logistics, and SaaS, underpinning its influential presence in the chemical value chain.

Positive

• Recognized as one of the top 30 outstanding enterprises in China's Industrial Internet sector.
• Participation in a major industry conference with influential stakeholders.

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• None.

SHANGHAI, Aug. 19, 2021 /PRNewswire/ -- Molecular Data Inc. (Nasdaq: MKD), the pioneer of Chemical internet industry, won the top 30 outstanding enterprises in China's Industrial Internet industry. This accolade was awarded at a recent 2021 China Industrial Internet Annual Conference and China Industrial Internet Outstanding Enterprise Award Ceremony held in Beijing.

The 2021 China Industrial Internet Annual Conference is hosted by China Supply Chain Finance Net, Trade Finance Magazine, Industrial Internet Frontline, and co organized by Beijing finance & Supply Chain Research Institute.

Nearly 20 industry heavyweight keynote speakers from government associations, industrial Internet companies, venture capitalists, financial technology companies, and other industrial Internet organizations were present.

The "2021 China Industrial Internet Outstanding Enterprise List" organizing committee reviewed and selected nearly 60 participating companies from multiple dimensions, and eventually selected the most representative "China Industrial Internet Outstanding Enterprise List" of the year.

The committee also release the various categories of "Top 30 Chinese Industrial Internet Enterprises" and "China Industrial Internet Industry Benchmarks".  

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

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. Among other things, the quotations from management in this announcement, as well as the Company's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a variety of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, results of operations and financial condition; the expected growth of the chemical market; the Company's ability to monetize the user base; fluctuations in general economic and business conditions in China; the potential impact of the COVID-19 to the Company's business operations and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

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SOURCE Molecular Data Inc.

FAQ

What recognition did Molecular Data Inc. (MKD) receive in August 2021?

Molecular Data Inc. was named one of the top 30 outstanding enterprises in China's Industrial Internet industry.

Where was the award ceremony for the top outstanding enterprises held?

The award ceremony was held in Beijing during the 2021 China Industrial Internet Annual Conference.

What does Molecular Data Inc. (MKD) provide in terms of services?

The company offers e-commerce, financial solutions, warehousing, logistics, and SaaS targeting the chemical industry.

How many companies were evaluated for the outstanding enterprise recognition?

Nearly 60 companies were evaluated for the recognition as part of the selection process.