Gannan Baicao Biological Technology Development Co., Ltd. formerly known as Maqu Yutuo Pharmaceutical Co. Ltd., founded in January 1997 with registered capital of 25.1 million yuan, the enterprise legal person: Wang Yuanlong. The development of the company consists of three major components: the processing of Chinese & Tibetan medicinal materials; the cultivation of Chinese & Tibetan medicinal materials; the storage and logistics of Chinese & Tibetan medicinal materials
The company aims at the speeding up of the adjustment and optimization of regional economic structure, promoting the transformation of resource advantage to industry advantage and economic advantage, realizing the farmer's income, expanding employment, stabilizing the society, promoting the development of Tibetan medicine industry in Gannan.