Wumart
| Industry | Retail |
|---|---|
| Founded | 1994 |
| Founder | Zhang Wenzhong |
| Headquarters | Beijing , China |
Area served | Northern, eastern, northwestern, northeastern, and southern China |
Key people | Zhang Wenzhong (founder) |
| Products | Retail sales, Internet and IoT technologies, logistics, supply chain management |
| Website | www |
Wumart Stores, Inc. (; translating to "quality goods") stands as a prominent retail enterprise in China, with its main office situated in Beijing's Haidian District.
Established in 1994 by Zhang Wenzhong, Wumart Group ranks among the earliest and most substantial retail chains in China, holding a dominant position in the supermarket sector throughout the Beijing-Tianjin-Hebei area. With a network exceeding 1,000 stores spread across northern, eastern, and northwestern regions of China, Wumart achieved revenues surpassing 50 billion yuan (approximately $7.8 billion) and inaugurated 103 additional locations in 2017, marking its expansion into the northeastern and southern markets. The company’s operations cover retail sales, Internet and IoT technologies, logistics, and supply chain management. By implementing technology-focused approaches, Wumart has established location-based e-commerce services in key metropolitan areas such as Beijing, Hangzhou, Yinchuan, and Wuhan. This strategy has enabled the company to evolve into an omni-channel retailer catering to over 30 million members while making substantial contributions to economic development and job creation.
Corporate affairs
The corporate headquarters of Wumart are housed within the Wumart Commercial Building (物美商业大厦) located in Haidian District, Beijing. Its registered office is positioned in Badachu HighTech Park District within Shijingshan District. The firm was formerly headquartered on the 10th floor of the Yuquan Building in Shijingshan District.
In 2020, Wumart enhanced its market presence by acquiring an 80% ownership interest in Metro China, the Chinese arm of Metro AG, thereby broadening its retail operations.