Tongrentang Pharmacy

Tongrentang, or Tong Ren Tang (Chinese: 同仁堂) is a Chinese pharmaceutical company founded in 1669, which is now the largest producer of traditional Chinese medicine (TCM). The headquartered of this company is located in Beijing, and is engaged in both manufacture and retail sales, operating medicine stores predominantly in Northeast China.

Like many older Chinese companies, Tong Ren Tang has struggled to adapt to market changes. In recent years, Tong Ren Tang has modernized its facilities, and changed its trade name to Tongrentang. It remains one of the oldest surviving brand names for traditional Chinese medicine, and has wide name-recognition among Chinese and Asian worldwide. It is also one of the world's largest TCM companies, with products be conscious of all over the world.

Hong Kong billionaire Li Ka-shing became a major player in Tongrentang's business dealings, becoming the second largest shareholder in the corporation in 2000, with the purchase of sixty million shares. Li's company, Hutchison Whampoa Ltd., has had two major joint ventures with Tongrentang. In 2004, Tongrentang invested 150 million Hong Kong dollars in the construction of a manufacturing plant in Hong Kong.

In October 2007, TongRenTang and an American company called Greater China Corporation jointly announced the formation of a partnership under the name TongRenTang Wellness Corporation to "develop spa-like wellness centers that will provide treatments and products based upon China's famous TongRenTang herbal medicines. These will include acupuncture, massage, acupressure, Tuina, Tai-Chi, Qigong, reflexology and many other oriental treatments as well as a full line of herbal foods and health products".