The world’s largest producer of products for traditional Chinese medicine (TCM) opened stores this week in New York and California to capitalize on the growing interest in the alternative medicine practice. Beijing-based Tongrentang Group Co Ltd, or Tong Ren Tang (TRT), also is opening an outlet in Vancouver, British Columbia, on Sunday [25 September 2016]. The New York stores are in Manhattan and Flushing, Queens, which has a large population of Chinese. The California outlets are in Los Angeles and San Francisco, also home to a large Chinese community…Full Article: ECNS.cn Sept 2016

Key Point

  • In 1993, Tong Ren Tang (TRT) opened its first retail pharmacy overseas in Hong Kong.

ChinaAg Comments

  • In 2013, the Ginseng Board of Wisconsin and China’s Beijing Tong Ren Tang Health-Pharmaceutical Co Ltd signed an agreement that Wisconsin would supply China with US$200 million worth of certified ginseng.
  • Begun in 1669 and headquartered in Beijing, Beijing Tong Ren Tang Chinese Medicine (HKG:8138) was initially the royal pharmacy of the imperial palace of the Qing Dynasty. The company’s has three business divisions: modern pharmacy, retail business and medical services.

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