Yunnan Baiyao Group Co., Ltd is a Kunming

Kunming

' is the capital and largest city of Yunnan Province in Southwest China. It was known as Yunnan-Fou until the 1920s. A prefecture-level city, it is the political, economic, communications and cultural centre of Yunnan, and is the seat of the provincial government...

-based company that conducts the research, development and manufacture of pharmaceutical products (mainly traditional Chinese medicine

Traditional Chinese medicine

Traditional Chinese Medicine refers to a broad range of medicine practices sharing common theoretical concepts which have been developed in China and are based on a tradition of more than 2,000 years, including various forms of herbal medicine, acupuncture, massage , exercise , and dietary therapy...

) as well as the wholesale and retail of outsourcing

Outsourcing

Outsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...

 pharmaceutical products.

Products

Its core product range includes the Yunnan Bai Yao series and the Natural Vegetable series. The Company is also involved in the operation of hotel

Hotel

A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...

s and department store

Department store

A department store is a retail establishment which satisfies a wide range of the consumer's personal and residential durable goods product needs; and at the same time offering the consumer a choice of multiple merchandise lines, at variable price points, in all product categories...

s. For the fiscal year of 2007, YBG obtained approximately 99% of its total revenue from the sale of pharmaceutical products. As of December 31, 2007, the Company had 12 subsidiaries, engaged in the pharmaceutical industry, and four major associates, involved in securities, investment

Investment

Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

 and biotechnological research.