RDGT | Market Cap: $3.5M (08/27/26)
Industry:
Consumer Distribution & Retail
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DESCRIPTION

Ridgetech, formerly China Jo-Jo Drugstores, is a wholesale distributor of pharmaceutical and healthcare products in China. The company distributes prescription and OTC drugs, traditional Chinese medicine, nutritional supplements, medical devices, and cosmetics. Ridgetech operates through offline channels centered in Zhejiang Province and online platforms that reach a national customer base of clinics and small pharmacies. Ridgetech pivoted its strategy in early 2025 by divesting its retail pharmacy and clinic businesses to focus on the wholesale segment, which it views as a more scalable business model. The company operates through two main subsidiaries, Jiuxin Medicine and Allright. Ridgetech functions as a middleman, sourcing a broad selection of products from a diverse supplier base and reselling them at a markup to retail pharmacies and healthcare providers. The company maintains a significant dependency on its former retail arm, Jiuzhou Pharmacy, which remains its largest customer under a three-year supply agreement that caps wholesale pricing and margins. Ridgetech employs an asset-light business model by outsourcing its warehousing and logistics to third-party providers. This approach minimizes capital expenditures but limits the company's direct control over its distribution infrastructure. By leveraging third-party online platforms, Ridgetech provides sourcing and medication support to smaller customers that lack their own procurement networks.

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