Shanghai Yuyuan Tourist Mart Co., Ltd. is the largest retailing conglomerate in China. The company has presence in a variety of business sectors such as department stores and entertainment shops in

Yuyuan Garden Yu Garden or Yuyuan Garden (, Shanghainese ''Yuyoe'' , lit. ''Garden of Happiness'') is an extensive Chinese garden located beside the City God Temple in the northeast of the Old City of Shanghai at Huangpu District, Shanghai. It abuts the Yuyua ...

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...

, the

sales Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. The seller, or the provider of the goods or services, completes a sale in ...

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile me ...

, jade and other

jewelry Jewellery ( UK) or jewelry ( U.S.) consists of decorative items worn for personal adornment, such as brooches, rings, necklaces, earrings, pendants, bracelets, and cufflinks. Jewellery may be attached to the body or the clothes. From a w ...

, food and

beverages A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothies ...

, Chinese

pharmaceutical A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field an ...

products,

souvenirs A souvenir (), memento, keepsake, or token of remembrance is an object a person acquires for the memories the owner associates with it. A souvenir can be any object that can be collected or purchased and transported home by the traveler as a ...

antiques An antique ( la, antiquus; 'old', 'ancient') is an item perceived as having value because of its aesthetic or historical significance, and often defined as at least 100 years old (or some other limit), although the term is often used loosely ...

arts The arts are a very wide range of human practices of creative expression, storytelling and cultural participation. They encompass multiple diverse and plural modes of thinking, doing and being, in an extremely broad range of media. Both ...

and

crafts A craft or trade is a pastime or an occupation that requires particular skills and knowledge of skilled work. In a historical sense, particularly the Middle Ages and earlier, the term is usually applied to people occupied in small scale prod ...

, the provision of property development,

property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monit ...

, import and

export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...

trading Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct excha ...

. As at 19 November 2016, Yuyuan Tourist Mart is a constituent of SSE 180 Index.

History

Yuyuan Tourist Mart was formerly Yuyuan Shopping Mall, which was not a company but an

administrative Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative Assistant, traditionally known as a Secretary, or also known as an administrative officer, administ ...

organization An organization or organisation (English in the Commonwealth of Nations, Commonwealth English; American and British English spelling differences#-ise, -ize (-isation, -ization), see spelling differences), is an legal entity, entity—such as ...

to manage the shops in Yuyuan Garden. In 1980s, some of the shops in there were integrated to form an

enterprise Enterprise (or the archaic spelling Enterprize) may refer to: Business and economics Brands and enterprises * Enterprise GP Holdings, an energy holding company * Enterprise plc, a UK civil engineering and maintenance company * Enterpris ...

. In 1987, Yuyuan Shopping Mall was approved to become the first commercial

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

in Shanghai. In 1988, its shares were listed on the Shanghai Stock Exchange and it was the first listed commercial holding company in China. In 1992, to unify the operations and management of the shopping mall, Shanghai Yuyuan Tourist Mart Co., Ltd. was established and listed on the Shanghai Stock Exchange to replace the old listed company.

Shareholders

In 2002, a consortium of Fosun High Technology (90%) and its major shareholder Guangxin Technology ( for 10%), acquired 20% of shares of Yuyuan Tourist Mart and became the largest shareholder. Fosun High Technology's parent company became

Fosun International Fosun International Limited is a Chinese multinational conglomerate holding company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Chen Q ...

some time later, as well as Fosun High Technology acquired the 10% stake from Guangxin Technology.

Gallery

File:Yuyuan Tourist Mart outside.JPG File:Yuyuan Tourist Mart gate, Lishui Road, Shanghai.jpg, Gate to market by day File:Shanghai downtown2.JPG, The gate to the Yuyuan market at night File:Shanghai downtown3.JPG, market at night File:Yuyuang market01.JPG, Yuyuan at night File:Shanghai downtown1.JPG, market at night

References

External links

{{commons category
Shanghai Yuyuan Tourist Mart Company Limited
Companies based in Shanghai Civilian-run enterprises of China Tourist attractions in Shanghai Retail companies of China Culture in Shanghai Chinese brands Retail companies established in 1987 Fosun International Companies listed on the Shanghai Stock Exchange Privatization in China Huangpu District, Shanghai

History

Shareholders

Gallery

See also

References

External links