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
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References
edit- ^ "Company Profile." Wumart. Retrieved on October 12, 2012.
- ^ 董志成. "Wumart takes high-tech road to development - USA - Chinadaily.com.cn". usa.chinadaily.com.cn. Retrieved 2018-07-19.
- ^ "物美". www.wumart.com. Retrieved 2018-05-05.
- ^ "Interim Report 2011." (Archive) "ADDRESS OF HEAD OFFICE Wumart Commercial Building 158-1 West 4th Ring North Road Haidian District Beijing P. R. China" and "LEGAL ADDRESS IN CHINA Room 5610 1 Shixingdong Street Badachu HighTech Park District Shijingshan District Beijing The PRC"
- ^ "联系我们." (Archive) Wumart. Retrieved on October 12, 2012. "地址：北京市海淀区西四环北路 158-1号 物美商业大厦 邮编：100142 " - Map, Archive
- ^ "tel.jpg." Wumart. Retrieved on October 12, 2012. "Add:Yuquan Building Shijingshan Rd. 100049 Beijing, P.R.China"
- ^ Home page. Wumart. February 18, 2008. Retrieved on October 12, 2012. "总部地址:北京市石景山区石景山路3号玉泉大厦10层"
- ^ "Metro to sell majority stake in Chinese business to Wumart". Reuters. 2019-10-11. Retrieved 2022-07-25.
