China Cord Blood Corporation is principally engaged in the provision of umbilical cord blood storage and ancillary services in the People's Republic of China. The Company provides cord blood testing, processing and storage services under the direction of subscribers. The Company also preserves cord blood units donated by the public, provides matching services on such donated units and delivers matching units to patients in need of transplants. The Company's cord blood banking operations primarily consist of its subscription services, which involve the preservation of cord blood for expectant parents as a precautionary healthcare measure for the benefit of their children and other family members. Its subscription services consist of the collection of the newborn's cord blood unit at one of its collaborating hospitals and the transportation of the cord blood unit to one of its facilities for testing and processing and the long-term storage of the cord blood unit at the facility.