Meng Li
李萌
Meng Li (李萌) is the founder, chairman, and CEO of Xiaoyaoyao (小药药), a pharmaceutical B2B company backed by Source Code Capital; he was also named to Fortune's 40 Under 40 China list as head of Xiaoyaoyao / Heye Health, per a 2024 Source Code announcement . His stated ambition, laid out at Source Code's 2018 Code Meet, is to build "the water and electricity of the pharmaceutical industry" — cutting out redundant tiers of drug wholesalers so a village doctor in Enshi can access the same supply chain as a pharmacy in central Beijing, then evolving from pure B2B selling into S2B enablement for small pharmacies (member management, finance, ecosystem tooling) . Beyond this, elsewhere's corpus holds no detail on his background before Xiaoyaoyao.
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Coverage
MaHui Spotlight | Multiple MaHui Members Named to Wealth's 40 Under 40 China Business Elite and Other Lists
Young leaders are driving a revolutionary transformation of productivity.
Code Brain "Standing Together Against COVID-19" Series Session 7: Sales Team Management During Extraordinary Times
**Speaker:** Jiawei Gan, Operating Partner at Hillhouse, former COO of Meituan
Where Are the Boundaries of Industrial Internet? | Source Code Capital 2019
"Knowledge Capital, Deep Practice" — at Source Code Capital's 2019 Ma Hui annual conference, the founders and CEOs of Xiaoyaoyao, Yijiupi, ZNLH, and YQN Logistics were invited to explore the boundaries and breakthroughs of industrial internet.
The Fourth Annual Ma Hui Conference Successfully Held, CEOs Gather to Share Entrepreneurship Insights, Four Companies Announce Completed Financing Rounds | Ma Hui Journal · April
**Source Code Capital Newsletter:** Here we record the small steps of progress made by our team members, share the joy of growth, and look forward to an even brighter future.
Industrial Internet: Connecting, Enabling, and Building Ecosystems | Code Meet 2018
Decoding Industrial Internet




