|
|
 |
|
|
|
 |
March 8, 2014 |
|
|
|
|||||||||||||||||||||||
|
|
In 1669, the 8th year of Emperor Kangxi???s reign of the Qing Dynasty (1644-1911), Tong Ren Tang was established in Beijing by Yue Xianyang who served as a senior physician of the royal court of the Qing Dynasty. In 1702, the company relocated within Beijing to the address from which it has operated ever since. In 1723, Tong Ren Tang was appointed the sole supplier of herbal medicine|medicinal herbs/herbal medicines to the royal court of the Qing Dynasty by Emperor Yongzheng and remained in that position until the collapse of the Qing Dynasty in 1911. 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 the oldest surviving brand name for traditional Chinese medicine, and has wide name-recognition among Chinese and Asians worldwide. It is also one of the world's largest TCM companies, with products sold in countries 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. On June 20, 2005, Tongrentang purchased Goubuli, a Chinese food company that was itself nearly 150 years old, for 106 million yuan (US$12.8 million). Possibly because of its very size, Tongrentang has recently been at the center of a number of disputes brought in the courts of China. In November of 2004, mediation by the High People's Court of the Province of Zhejiang brought about a settlement in favor of Tongrentang for trademark infrigement - a relatively new cause of action in China. Tongrentang's problems with intellectual property rights are not limited to China. It is also one of the many Chinese companies whose products have been counterfeited for sale inside and outside of China as well. China's Ministry of Commerce notes that "Tongrentang ... and others have had their names illegally registered by other Chinese and overseas manufacturers, resulting in a predicament in exports, multinational exchanges and potential economic losses." On December 14 of 2004, Tongrentang company was subject to a lawsuit brought against it in the Chinese court system, in which Chinese plaintiffs alleged that medicines produced by the company contained an ingredient that had caused their kidney failure. The Beijing No 2 Intermediate People's Court dismissed the case, finding insufficient proof of a connection between the medicines and the injury. Such a lawsuit would also have been unheard of in China even a few years before. Nevertheless, a consumer group cited the outcome as evidence of court bias against such suits, stating that the case "topped the list of the 10 worst consumer exploitation cases."
Category: China Category:Traditional Chinese medicine zh:????????? This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Tong Ren Tang".
|
|||||||||||||||||||||||
![[F]](/images/site.gif){kind=small}
|
|||
|
|
|
|
|
|||
|
All informatin on the site is © FamousChinese.com 2002-2005. Last revised: January 2, 2004 Are you interested in our site or/and want to use our information? please read how to contact us and our copyrights. To post your business in our web site? please click here. To send any comments to us, please use the Feedback. To let us provide you with high quality information, you can help us by making a more or less donation: |