Molecular Data, a leading technology-driven platform in China's chemical industry, today announced that it has reached a partnership memorandum (MOU) for a potential transaction, including a stake in a renowned brand name in the US with more than two decades of domain expertise.

Apart from synergies created in the partnership, the collaboration will further strengthen Molecular Data's American presence.

Molecular Data delivers e-commerce solutions, financial solutions, warehousing and logistics solutions, and SaaS suite that are intended to solve pain points for participants in the traditional chemical industry.