Wumart( Dmall+) LianXiangqiao Store in Beijing

Wumart Stores, Inc. doing business as Wumart, (;

Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of va ...

for "good product") is a Chinese

retail company Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

with its headquarters in

Haidian District Haidian District () is a district of the municipality of Beijing. It is mostly situated in northwestern Beijing, but also to a lesser extent in the west, where it has borders with Xicheng District and Fengtai District. It is 431 square km in a ...

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

. Wumart was founded in 1994 by

Zhang Wenzhong Zhang Wenzhong (; born July 1962) is a Chinese businessman and scholar, Stanford alumnus. Zhang is the founder of Wumart, Chairman of Dmall Technology, Rotating Chairman of the Internet of Things Committee of All-China Federation of Industry an ...

, Wumart Group is one of the earliest and biggest retailers in China and the largest supermarket chain in Beijing-Tianjin-Hebei area. With more than 1,000 Wumart stores in North, East and Northwest China, Wumart has scored revenue of more than 50 billion yuan ($7.8 billion), opened 103 stores in 2017, and continued to march into northeastern and southern regions. Wumart's business formats consist of retail, Internet and IOT technology, logistics and supply chain. Being technology-driven, the Group has developed location-based ecommerce in Beijing, Hangzhou, Yinchuan, Wuhan and other major cities, empowering supermarkets into Omni-channel retailer with online-offline integration and serving over 30 million members, constantly contributing to national economic growth, employment and better livelihood of the people.

Corporate affairs

The company has its headquarters in the Wumart Commercial Building (S: 物美商业大厦, T: 物美商業大廈, P: ''Wù Měi Shāngyè Dàshà'') in

and its

registered office A registered office is the official address of an incorporated company, association or any other legal entity. Generally it will form part of the public record and is required in most countries where the registered organization or legal entity ...

in the Badachu HighTech Park District in

Shijingshan District Shijingshan District () is an urban district of the municipality of Beijing. It lies to the west of the urban core of Beijing, and is part of the Western Hills area, bordering the districts of Haidian to the northeast and east, Fengtai to the so ...

, Beijing. Previously its headquarters were on the 10th floor of the Yuquan Building (S:玉泉大厦, T:玉泉大廈, P: ''Yùquán Dàshà'') in Shijingshan District,

. Wumart bought 80% stake of Metro China--the subsidiary of

Metro AG Metro AG is a German multinational company based in Düsseldorf which operates business membership only cash and carry stores primarily under the Metro brand. Until 2020 it was also active in general retail business through Real division, wh ...

in China in 2020.

References

{{Reflist

External links

Official website
Companies based in Beijing Companies listed on the Hong Kong Stock Exchange Retail companies established in 1994 Chinese companies established in 1994 Retail companies of China Supermarkets of China

Corporate affairs

See also

References

External links