On March 4, 2024, Ringpai Veterinary Hospital and Pets Central Hong Kong officially signed a strategic cooperation agreement in the view of actively deploying national strategic plans, promoting the cooperation and integration between the mainland and Hong Kong, and expanding brand influence and brand building.
With a focus on expanding into international markets, both companies will jointly promote the business expansion of veterinary medical development in Hong Kong and carry out in-depth cooperation around veterinary medical technology, operations, nurturing talents, allocating resources, internationalization and other aspects to accumulate strength for cultivating high-quality industrial resources. This marks the official start of Ringpai Veterinary Hospital’s international development.
Joining hands with Hong Kong enterprise, we aim to expand into the international markets.
Prior to this, Ringpai and Pets Central had held several meetings to deepen mutual understanding and explore areas of potential cooperation, clarifying future directions of collaboration.
During the signing ceremony, representatives from both sides engaged in in-depth discussions on the development direction, business integration, and resource consolidation of the collaboration, laying a solid foundation for subsequent work. Subsequently, Mr ZHANG Hui Li, Vice President of Ringpai Veterinary Hospital Management Holding Co., Ltd. and General Manager of Ringpai Nanhua Pet Clinic Management (Shenzhen) Co., Ltd., as well as Managing Director of Ringpai Veterinary Hospital (Hong Kong) Ltd., and Dr. Pauline Alexandra TAYLOR, Founder and Director of PC Enterprises (HK) Limited, being the representative of both parties have signed the cooperation agreement.
Vice President Mr. ZHANG Hui Li stated that with the increasing number of pet owners and the expanding scale of the Chinese veterinary market, refining and specializing veterinary services have become a new trend. With the accelerated progress in development internationally and the shared concepts and pursuits in the field of veterinary care, we are embarking on our first collaboration with a Hong Kong enterprise. By leveraging the respective advantages and enhancing the synergistic effects of the industry ecosystem, we will strengthen talent exchange and introduction as well as cultivation between the two regions. Our commitment is to provide high-quality pet medical services and contribute innovative power to the national economy and high-quality development. We believe that this collaboration will bring new opportunities for the development of Ringpai Veterinary Hospital and further promote its international development layout.
Achieving mutual prosperity, we gather strength to win the future of the industry.
As a renowned brand in the Chinese veterinary industry, Ringpai Veterinary Hospital has continuously expanded its branding and scale in recent years. Through merging and acquisitions, the company has grown and received investments from domestic and foreign investment giants such as Reproductive & Genetic Engineering (ReprosBio), Goldman Sachs Group, Huatai Emerging Industries Fund, Yuexiu Capital, Ruichi Pharmaceuticals, Mars China, Cornerstone Capital, and Mengniu Ventures. Currently, Ringpai oversees over 600 clinics, covering 27 provinces (municipalities) and more than 70 cities nationwide, with an annual number of consultations exceeding 3 million.
PC Enterprises (HK) Limited, as a well-known veterinary institution in Hong Kong, possesses rich industry experience and excellent market reputation. Its hospitals are located in Sai Kung, Tseung Kwan O, Mong Kok, and North Point, covering a wide range of clientele. With advanced medical facilities, professional veterinary teams, and quality services, they provide comprehensive medical services to pet-owning families in the Hong Kong region.
This strategic cooperation will serve as a milestone for both parties in revolutionising the veterinary business, further integrating advantageous resources, and promoting standardized services. It aims to provide Hong Kong pet owners with more professional and convenient veterinary medical services and offer abundant resources and support our precious clients. It maximizes positive interaction and mutual benefits, expands broad space for industrial development, and drives high-quality development of the market economy through multi-level, multi-channel, and multi-mode cooperation as a new driving force for enterprises.
In the future, leveraging the resource platform of the veterinary hospital chain, Ringpai will integrate industry resources, optimize research and production capabilities, and resource allocation. With a focus on the Chinese market while aligning with international standards and having a global reach, Ringpai will continuously expand its chain brand advantages and scale, leveraging its high-quality platform to promote the formalization, standardization, and internationalization of veterinary care in China. The goal is to become an expert in pet healthcare management.
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Company Name: RINGPAI VET HOSPITAL
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State: Tianjin
Country: China
Website: www.ringpai.com