Wumart
Chinese retail company From Wikipedia, the free encyclopedia
Wumart Stores, Inc.[1] doing business as Wumart, (Chinese: 物美; pinyin: Wùměi; Chinese for "good product") is a Chinese retail company with its headquarters in Haidian District, Beijing.
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| Wumart Stores, Inc. | |||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 北京物美商業集團股份有限公司 | ||||||
| Simplified Chinese | 北京物美商业集团股份有限公司 | ||||||
| |||||||
Wumart was founded in 1994 by Zhang Wenzhong, 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.[2] 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.[3]
Corporate affairs
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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 Haidian District, Beijing and its registered office in the Badachu HighTech Park District in Shijingshan District, Beijing.[4][5] 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, Beijing.[6][7]
Wumart bought 80% stake of Metro China--the subsidiary of Metro AG in China in 2020.[8]
See also
References
External links
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