Core Insights - Dingdang Health Technology Group's subsidiary, Dingdang Fast Medicine, has officially launched its first "Pet Pharmacy" in Beijing, marking a significant expansion into the pet health sector [1] - The pet pharmacy will offer a wide range of products including pet medications, nutrition, care, food, hygiene, and toys, along with a 24-hour response and an average delivery time of 28 minutes [1] - The pet supplies market is experiencing rapid growth, and the traditional single-channel purchasing model through animal hospitals is becoming inadequate, necessitating a multi-channel approach [1] Industry Trends - The pet medication sales channel is diversifying, which is a natural trend in the industry's development [1] - The instant retail service sector for pharmaceuticals is maturing, providing a solid foundation for innovative retail models in pet medications [1] - The launch of the pet pharmacy is expected to further stimulate the pet economy [1] Company Developments - In 2023, Dingdang Health has been active in expanding its offerings, including the launch of the "Original Drug Supply Alliance" and the "New Specialty Drug Life Ark Plan," focusing on original and innovative drugs [1] - The company is enhancing its supply chain advantages and rapidly upgrading its "Xingyuan System" to support its smart pharmacy initiatives [1] - The establishment of a specialized pet pharmacy is anticipated to create a second growth curve for the company [1]