Ping An Insurance is buying a 10% stake in Tsumura, which makes and sells Japanese herbal medicine, known as kampo drugs.
Kampo has its roots in Chinese culture, and now the insurance company is reuniting the two branches of traditional medicine.
Together, Ping An and Tsumura will form a joint venture in China to combine the secrets of kampo with traditional Chinese medicine, from cultivation of herbs to the final product.
Chinese consumers’ growing emphasis on wellness is creating a wave of new investment opportunities.The cultural shift is transforming swathes of industry demand for vitamins has sparked a wave of Chinese outbound...
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